XRP sees net outflows on major exchanges, easing sell pressure

XRP recorded notable outflows from major exchanges including Binance, Upbit and Coinbase despite ongoing downward pressure, The Crypto Basic reported, citing CoinGlass data. Over the past seven days, XRP posted net outflows at every major exchange except Bitstamp and Gemini. Binance saw the largest net outflow at $32.32 million worth of XRP, followed by Upbit at $23.94 million, Coinbase at $8.12 million and Bybit at $6.91 million. Bitstamp and Gemini were the only exchanges to post net XRP inflows during the same period, though those totaled just $1.21 million and $230,000, respectively. The outlet said XRP price action remained weak, but investors continued withdrawing XRP from exchanges despite the decline, which could somewhat ease sell pressure by reducing the amount of XRP immediately available for sale.