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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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XRP appears to be closing the week on a bullish note as its on-chain price shows strength and exchange flow indicates rising demand. As momentum returns, investors have shown renewed optimism, with on-chain metrics suggesting traders are more willing to buy or hold XRP rather than sell.
Despite a week marked by prolonged negative trading activity, XRP’s exchange reserve has fallen by about 0.47%, a shift that points to increased demand and a positive turn in market sentiment.
According to CryptoQuant data, the amount of XRP held in supported exchanges such as Binance and others has dropped to 2,748,007,351 as of Friday, April 10.
This decline in exchange reserves is consistent with the idea that holders may be transferring XRP out of exchanges into private wallets. When tokens leave exchanges, it can indicate reduced immediate selling pressure and potentially stronger buying interest.
Alongside the exchange flow changes, XRP has recorded a mild gain of 1.67% over the last 24 hours, bringing its price back to the $1.35 level.
With exchange reserves continuing to decline, the gradual rise in XRP’s price over the past day is not entirely unexpected. The article notes that sudden decreases in exchange reserves—particularly for XRP—often suggest holders are moving tokens off exchanges, which can support upward price pressure.
Based on this exchange-flow backdrop, XRP may be set to reclaim the $1.40 level.
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