XRP Had One of Its Biggest Outflow Days: What Happened Next Every Time

Key takeaways:

• 34.94M XRP left exchanges on April 24.
• Five prior large outflow days all preceded bullish price action per Santiment data.
• Exchange depositing transactions: 217.
• Whale-to-exchange flow: 2K.
• XRP at $1.4236.
• RSI at 36.06.

The on-chain picture for XRP shifted on April 24. Two weeks of near-zero depositing transactions and collapsed whale flows had already established that the April distribution wave, the 38,000 whale-to-exchange spike on April 11 that preceded the $1.51 price top, was over. No new supply was arriving. But supply already on exchanges was not leaving either. The reserve was sitting, not clearing.

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