Overview
- Glassnode estimates about 36.8 billion XRP are currently held at a loss, translating to roughly $50 billion in unrealized losses after the latest downturn.
- On-chain dashboards show continued exchange outflows in recent days, including a single-day withdrawal of about 35.6 million XRP on March 6.
- Some social-media analysts interpret the withdrawals as whales accumulating, with one viral post claiming 3.56 million XRP left exchanges in 24 hours.
- Market pricing remains subdued, with XRP at approximately $1.35 and down a little over 0.5% over the past day in the latest readings.
- Outflows are often read as reduced near-term sell supply, yet analysts caution that such signals do not confirm a sustained price reversal.