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XRP is recording one of the largest exchange outflows of the year on the XRP Ledger as a recent resurgence in the broader crypto market boosts demand for the token. On-chain analytics platform Santiment reports that the increase in XRP outflows is consistent with heightened buying activity among traders.
According to Santiment’s data, about 34.9 million XRP flowed out of exchanges over the last day. The outflow volume places XRP among the top outflows recorded so far this year, reflecting stronger demand as traders move XRP off exchanges.
Santiment’s analysis links the sharp rise in XRP outflows to increased buying activity. When more XRP leaves exchanges, it can signal that traders are positioning for potential purchases rather than keeping assets on trading platforms.
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