Where Are the XRP Bulls? Price Drops to $1.21 Despite a $540 Million Binance Outflow

On November 4, 418.5 million XRP, about $540 million, left Binance in the exchange’s largest single-day outflow in nine months, according to analyst Darkfost. The figure exceeded the 315 million XRP withdrawn on October 29, the day of a $6.3 billion Binance hack. Despite the withdrawals, XRP fell 7.66% over 24 hours to $1.21, BeInCrypto Markets data showed. US spot XRP exchange-traded funds recorded zero net flows on November 3, 4 and 5. Their October net inflows were $18.8 million, down from $121.4 million in September and the lowest since March.