Key XRP Metrics Signal Bullish Shift After Weeks of Heavy Sell-Offs
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CryptoQuant analysis shows crypto exchange-flow for XRP shifted as deposit pressure concentrated on centralized exchange Bybit eased; Bybit’s depositing/withdrawing transaction delta moved back close to neutral around May 16. This ended a stretch of strong positive delta readings that ran from mid-April through mid-May, indicating reduced selling pressure on exchanges and potential positive implications for XRP price and market dynamics.
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XRP exchange-flow activity is beginning to show a different pattern after several weeks of steady deposit pressure centered on Bybit, according to new analysis from CryptoQuant.
Data from the XRP Multi-Exchange Daily Depositing/Withdrawing Transactions Delta shows that Bybit’s transaction delta moved back close to neutral around May 16 and ended a stretch of strong positive readings that had continued from mid-April through mid-May.
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