Binance Sees Massive XRP Outflows as Risk Appetite Evaporates

The cryptocurrency market is closely monitoring XRP as it shows concerning signals amid broader market jitters. Technical and on-chain metrics indicate increasing selling pressure, with investors rapidly exiting their positions. A significant drop in XRP's Estimated Leverage Ratio on Binance to 0.36—its lowest monthly close—highlights a sharp decline in risk appetite. Since July 29, over $222 million has flowed out of XRP spot markets, creating a liquidity vacuum that threatens key support levels. This development raises questions about the short-term stability of XRP and its potential impact on the broader crypto market, particularly on platforms like Binance where trading activity is heavily concentrated.

Crypto Market Eyes XRP Amid Massive Outflows

XRP is flashing warning signs in an already jittery cryptocurrency market. Technical and on-chain metrics point to mounting selling pressure, with investors rapidly retreating from positions. The asset's Estimated Leverage Ratio on Binance plunged to 0.36 this week - its lowest monthly close - signaling evaporating risk appetite.

Over $222 million has fled XRP spot markets since July 29, creating a liquidity vacuum that threatens key support levels. This exodus follows Ripple's August 1 release of 1 billion unlocked tokens, exacerbating downward momentum. Without swift buyer intervention, the current correction risks spiraling into a more severe downturn.

FLOKI Price Faces Critical Test as RSI Shows Neutral Positioning

Floki (FLOKI) declined 1.73% over the past 24 hours, with its Relative Strength Index (RSI) hovering at 44.19—a neutral zone that leaves room for potential breakout in either direction. The meme coin recently reclaimed a key support level at $0.0001125, offering a foundation for bullish reversal, though profit-taking has triggered a modest pullback.

Binance spot markets recorded $24.9 million in volume during the downturn, signaling sustained trader interest. Earlier momentum saw FLOKI rally 27% in weekly turnover, but resistance near $0.000131 capped gains. Market watchers now scrutinize whether the reclaimed support can fuel another leg upward or if consolidation will persist.

PEPE Price Faces Technical Pressure Despite Whale Accumulation and Bullish Pattern Formation

PEPE's market activity reveals a clash between institutional confidence and retail hesitation. Oversold conditions, marked by an RSI of 37.25, contrast sharply with aggressive whale accumulation totaling 480.4 billion tokens ($8.72 million) this week. The falling wedge pattern suggests technical upside potential.

Binance withdrawals dominate the narrative, with one entity moving 280 billion Pepe ($5 million) on July 28th followed by another 200.4 billion ($3.72 million) purchase. Such moves typically precede price inflection points when executed at scale during market troughs.

Social metrics flash bullish signals—PEPE mentions surged 38% across platforms, fueled by meme-driven engagement. This social volume often correlates with near-term price volatility, particularly in meme coin sectors.

ENS Tests Key Support at $25.00 Amid Technical Consolidation

Ethereum Name Service (ENS) faces a critical technical test as its price hovers NEAR the lower Bollinger Band at $25.00, marking a 0.91% decline in the past 24 hours. The absence of significant news catalysts has left traders focusing solely on chart patterns, with daily volume on Binance spot markets holding steady at $8.69 million.

Mixed signals emerge from the technical landscape: while the MACD shows bearish momentum, ENS maintains its long-term bullish trend above key moving averages. Market participants now watch the $24.11 support level—a breach could signal deeper correction territory, while a bounce may reaffirm the asset's resilience.