XRP Data Clash: Bearish $300M Outflows Battle Bullish ‘Golden Cross’
- XRP saw >$300M net outflows Apr 1-13, signaling persistent selling pressure
- Weekend price bounce failed to reverse trend; outflows dominate inflows
- Analysts clash: Egrag sees potential $1.40 dip first; Steph eyes 486% rally
XRP recorded over $300 million in net outflows in the first 13 days of April, according to Coinglass data. A short-lived price rise over the weekend failed to reverse broader selling trends. This bearish flow data creates a stark contrast with bullish signals identified by some technical analysts.
Why Do XRP Outflows Signal Caution Despite Price Bounce?
XRP has continued to face pressure this month. The net flows chart shows more red days than green days in April. Even the green days were mild and failed to match the volume seen during outflows.
Only four of the 13 days ended with positive net flows, bringing in a total of $56.08 million in inflows. In contrast, outflows reached $311 million by Sunday, April 13. The highest single-day outflow came on April 6, totaling $90 million.
Related: Whales Accumulate XRP: Are They Betting on This Bullish Chart Signal?
While this is lower than the $150 million outflow days seen in Janu…
The post XRP Data Clash: Bearish $300M Outflows Battle Bullish ‘Golden Cross’ appeared first on Coin Edition.
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XRP Data Clash: Bearish $300M Outflows Battle Bullish ‘Golden Cross’
- XRP saw >$300M net outflows Apr 1-13, signaling persistent selling pressure
- Weekend price bounce failed to reverse trend; outflows dominate inflows
- Analysts clash: Egrag sees potential $1.40 dip first; Steph eyes 486% rally
XRP recorded over $300 million in net outflows in the first 13 days of April, according to Coinglass data. A short-lived price rise over the weekend failed to reverse broader selling trends. This bearish flow data creates a stark contrast with bullish signals identified by some technical analysts.
Why Do XRP Outflows Signal Caution Despite Price Bounce?
XRP has continued to face pressure this month. The net flows chart shows more red days than green days in April. Even the green days were mild and failed to match the volume seen during outflows.
Only four of the 13 days ended with positive net flows, bringing in a total of $56.08 million in inflows. In contrast, outflows reached $311 million by Sunday, April 13. The highest single-day outflow came on April 6, totaling $90 million.
Related: Whales Accumulate XRP: Are They Betting on This Bullish Chart Signal?
While this is lower than the $150 million outflow days seen in Janu…
The post XRP Data Clash: Bearish $300M Outflows Battle Bullish ‘Golden Cross’ appeared first on Coin Edition.
Read More