NewsSignals AI analysis·Beincrypto·
Where Are the XRP Bulls? Price Drops to $1.21 Despite a $540 Million Binance Outflow
Grade Abearish AI signal$XRP
XRP has plunged 7.66% to $1.21 despite a massive $540 million Binance outflow, marking its largest exchange withdrawal day in nine months.
US spot XRP ETFs recorded zero net inflows for three consecutive sessions, while October inflows fell to $18.8 million from $121.4 million in September, highlighting weak institutional demand.
XRP could face further downside toward $1.11 if the $1.21 support fails, while renewed ETF inflows and a breakout above $1.34 may be needed to strengthen recovery prospects.
Bullish strength: 25/100
- $540 million worth of XRP left Binance, potentially reducing immediately available exchange supply.
- Wallets holding at least 1 million XRP reached a 2026 high.
- $1.21 represents a previously tested Fibonacci support level.
Bearish strength: 75/100
- XRP dropped 7.66% in 24 hours to $1.21 despite substantial Binance outflows.
- US spot XRP ETFs recorded zero net flows for three consecutive sessions.
- October ETF inflows fell to $18.8 million from $121.4 million in September.
- XRP failed to break resistance near $1.34 and has returned to $1.21 support.
- A break below $1.21 could expose the $1.11 Fibonacci retracement level.
- Some Binance outflows may represent internal exchange transfers rather than genuine withdrawals.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.