Massive XRP Exodus: 240 Million Tokens Withdrawn from Exchanges as Investors Flee

Warning: XRP faces mounting bearish pressure as new data reveals a massive 240 million tokens have been pulled from exchanges in the last three months, signaling a potential 10% correction on the horizon. CryptoQuant data shows withdrawals have far outpaced purchases, with South Korea's Upbit leading the exodus at 110 million tokens removed, followed by Bithumb with 30 million. As Ripple's native token languishes near the $1 support level—a staggering 72% decline from its $3.65 high—investors are abandoning long-term holdings to reallocate capital into more promising assets, sparking fears of further downside in the coming sessions.

Will XRP Recover From Here?

A quick recovery is off the cards, as the market is more focused on AI technology. The industry has received an influx of investments from both retail and institutional clients. What once flowed into the cryptocurrency market is now diverted into AI stocks. The reason for the massive inflow is that the assets have been delivering constant gains. Even after a dip, the bounceback is much bigger, and this is what’s making traders confident about its prospects. XRP is currently unable to match these returns, which has led to a series of withdrawals from traders.