XRP crypto is trading at $1.32, and while the price chart looks fragile, the on-chain data underneath it is telling a different story. Chain’s scarcity indicator for XRP on Binance has hit 0.59 – its highest reading since 2024 – as coins leave exchanges at a pace that is mechanically compressing the available sell-side pool.The magnitude is not subtle. On March 10 alone, approximately $738 million worth of XRP was withdrawn from major platforms in a single 24-hour window, described by analysts as one of the most substantial single-day net outflows recorded year-to-date. On the chart, $1.27 is the line that really matters, because as long as price holds above it, the accumulation story stays...
XRP crypto is trading at $1.32, and while the price chart looks fragile, the on-chain data underneath it is telling a different story. Chain’s scarcity indicator for XRP on Binance has hit 0.59 – its highest reading since 2024 – as coins leave exchanges at a pace that is mechanically compressing the available sell-side pool.The magnitude is not subtle. On March 10 alone, approximately $738 million worth of XRP was withdrawn from major platforms in a single 24-hour window, described by analysts as one of the most substantial single-day net outflows recorded year-to-date. On the chart, $1.27 is the line that really matters, because as long as price holds above it, the accumulation story stays...
