XRP Reserve on Upbit Collapses to 2-Month Low of 6.4B
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XRP's exchange reserve on Upbit, Korea's largest crypto exchange, has dropped to a two-month low of 6.4 billion XRP amid sustained withdrawals, indicating elevated outflows from the CEX. The token is under heavy selling pressure as the market downturn pushes XRP to $1.08, roughly 70% below its prior peak, signaling short-term downside risk for price, liquidity and market sentiment.
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The XRP exchange reserve on Upbit, Korea's largest crypto trading platform, has declined to a new 2-month low amid consistent withdrawals. Notably, XRP remains under selling pressure as the broader market downturn pushes the token to $1.08, leaving it down 70% from its previous peak.
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