coin-img-ETHETH+0.51%coin-img-BTCBTC+0.61%coin-img-SOLSOL-1.30%coin-img-XRPXRP-0.35%coin-img-USDCUSDC-0.02%coin-img-TRXTRX+1.50%coin-img-HYPEHYPE+0.79%coin-img-DOGEDOGE-0.48%coin-img-ETHETH+0.51%coin-img-BTCBTC+0.61%coin-img-SOLSOL-1.30%coin-img-XRPXRP-0.35%coin-img-USDCUSDC-0.02%coin-img-TRXTRX+1.50%coin-img-HYPEHYPE+0.79%coin-img-DOGEDOGE-0.48%coin-img-ETHETH+0.51%coin-img-BTCBTC+0.61%coin-img-SOLSOL-1.30%coin-img-XRPXRP-0.35%coin-img-USDCUSDC-0.02%coin-img-TRXTRX+1.50%coin-img-HYPEHYPE+0.79%coin-img-DOGEDOGE-0.48%coin-img-ETHETH+0.51%coin-img-BTCBTC+0.61%coin-img-SOLSOL-1.30%coin-img-XRPXRP-0.35%coin-img-USDCUSDC-0.02%coin-img-TRXTRX+1.50%coin-img-HYPEHYPE+0.79%coin-img-DOGEDOGE-0.48%
user-avatar
Chayanika Deka

XRP selling pressure on Binance eases as whale transfers fall, but McGinley Dynamic remains a hurdle

Large XRP holders have cut transfers to Binance, a key venue for the token’s liquidity, suggesting selling pressure may be easing. Data shows both Whale Flow and Whale Transactions at 417, indicating whales are not moving sizable amounts to the exchange. Even so, analysts say XRP needs to move back above the McGinley Dynamic—around $1.15 to $1.16—to underpin a stronger recovery, according to CryptoQuant.
XRP
XRP-0.33%
BTC
BTC+0.63%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
TradingTechnical Analysis