XRP exchange outflows hit 13.24 million as large holders add 60 million tokens

XRP saw a significant increase in withdrawals from cryptocurrency exchanges early Thursday, with 13.24 million tokens leaving exchange wallets at approximately 01:00 UTC. The movement, based on Santiment data, coincided with a week of rising balances among the largest holders of the digital asset. Ali Charts, a well-followed market analyst known for technical and on-chain insights, shared a detailed update about XRP activity in a post on X. According to his summary, Santiment reported a surge in XRP exchange outflows, indicating major movements by significant market participants. The withdrawal of 13.24 million XRP from centralized exchanges is viewed by some as a reduction in the supply available for immediate trade, which can have an impact on price dynamics if sustained.

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