XRP Whale Flows Point to Potential Correction: CryptoQuant

Key Points

1. XRP's price fell after whale inflows to exchanges increased in July, with the 30-day moving average rising from 141 million to 260 million tokens.

2. XRP recently rose 9.7% to $3.29 but had previously reached an all-time high of $3.65 in July before declining.

3. On July 18, XRP whales moved 660 million tokens to exchanges, followed by a price drop to $3 the next week.

4. Ripple co-founder Chris Larsen moved 50 million XRP to exchanges before the all-time high, with ZachXBT estimating the value at $140 million.

5. The crypto rally also saw increased whale activity in other assets like Bitcoin.