Key points: New research from onchain analytics platform CryptoQuant reveals that on a rolling 30-day basis, XRP exchange inflows are at their highest since March.
In the 30 days to Oct. 19, inflows totaled 6.05 billion XRP and have doubled since mid-August
During this time, XRP/USD increased from around $1 to a maximum of $1.70 before correcting to the current levels around $1.30. “The rise in total inflows to more than 6 billion XRP, reaching a seven-month high, signals a clear shift in asset movement toward exchanges. This could reflect increased trading activity and liquidity on these platforms, or a rise in the movement of XRP between wallets and exchanges,” CryptoQuant commented. XRP exchange inflows (screenshot).