On-chain data suggests selling pressure on XRP is fading as August begins, but weak seasonal performance and limited institutional demand could still weigh on the cryptocurrencys price outlook. Crypto analyst Darkfost reported that XRP inflows to Binance have fallen to their lowest level on record, with average monthly deposits dropping to around 3.6 million XRP. Although the amount remains substantial, it represents the smallest monthly inflow ever recorded, indicating that fewer holders are moving tokens to exchanges for potential selling. According to the analyst, the trend points to… Read more
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