XRP Sees Significant Outflow as Demand Rises Amid ETF Inflows

XRP has seen a significant outflow of $115 million from spot exchanges in the last 24 hours, according to CoinGlass data. This represents a negative net spot flow of -280.65% compared to spot inflows of $99.41 million.

The outflow suggests that investors are removing their coins from exchanges, which may indicate accumulation and long-term holding rather than short-term selling. This could be a positive sign for the cryptocurrency's demand.

However, it is essential to note that increased outflows can sometimes indicate quiet accumulation by whales or institutions, but they can also result from internal wallet reshuffling, custodial changes, or OTC transactions.