Ripple\u2019s (XRP) price witnessed a fresh rebound, which pushed the crypto asset from $1.11 to $1.18. The latest uptick was backed by changing wallet-flow trends, according to CryptoQuant.<\/p>\n
Interestingly, South Korea\u2019s largest cryptocurrency exchange, Upbit, took the top spot for XRP deposit-wallet activity across exchanges.<\/p>\n
The latest data revealed<\/a> that Upbit\u2019s XRP Net Wallet Flow Dominance increased sharply from 13% on June 7 to 31% on June 14, reaching its highest level since May 2024. This indicates that Upbit now holds the strongest concentration of XRP deposit-wallet activity among leading crypto exchanges.<\/p>\n This wasn\u2019t the case with several other major exchanges, which recorded declining dominance during the same period. Coinbase, for instance, showed the biggest drop, after falling from 27% on May 7 to 0% on June 14. This suggests deposit-wallet activity weakened considerably on the exchange, or that withdrawal-wallet activity became relatively stronger.<\/p>\n A similar trend was visible in Binance, which also recorded a decline in dominance, slipping from 16% to 13%, while Crypto.com dropped from 9% to 3%.<\/p>\n The divergence highlighted that XRP\u2019s rebound was not supported by evenly distributed wallet flows across exchanges. Instead, the market saw a clear rotation of activity toward Upbit, while Coinbase, Binance, and Crypto.com moved in the opposite direction. CryptoQuant said,<\/p>\n \u201cThe takeaway is that XRP\u2019s rebound is being driven by a divided flow structure.\u201d<\/p>\n Meanwhile, crypto analyst Egrag Crypto had earlier said<\/a> that bulls remain in control on lower time frames as long as the price stays above the $1.134-$1.14 range. He identified $1.193 as the first major resistance level, followed by $1.26 if momentum strengthens further. On the downside, however, the analyst said $1.09 remains the main support level, while a drop toward $1.05 could signal a deeper correction.<\/p>\n Even though most crypto ETFs are seeing <\/a>investors pull money out, spot XRP funds are still managing to attract fresh inflows. Data from SoSoValue showed <\/a>that XRP ETFs added almost $10.7 million over the last week. At the same time, spot Bitcoin ETFs in the US saw heavy outflows totaling $314.8 million.<\/p>\n Ethereum ETFs also ended the week in the red, as investors withdrew nearly $14.91 million.<\/p>\n The post Ripple\u2019s (XRP) Latest Rally Is Being Driven by a Surprising Exchange Trend<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple\u2019s (XRP) price witnessed a fresh rebound, which pushed the crypto asset from $1.11 to $1.18. The latest uptick was backed by changing wallet-flow trends, according to CryptoQuant. Interestingly, South Korea\u2019s largest cryptocurrency exchange, Upbit, took the top spot for XRP deposit-wallet activity across exchanges. Upbit Overtakes Rivals The latest data revealed that Upbit\u2019s XRP […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-180951","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/180951"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=180951"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/180951\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=180951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=180951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=180951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Institutional Flows<\/h2>\n