According to foreign sources, XRP has recently left about 240 million of these exchanges, of which the Korean market has the most concentrated currency. The article links this change to a significant recent return of the XRP, arguing that some holders are adjusting their positions.
Korea Exchange is in the forefront.
It was reported that Upbit had the highest number of XRP outflows, about 110 million; Bithumb had about 30 million. In addition to these two platforms, there are different levels of currency withdrawal in other exchanges.
From a market reading, exchange token outflows usually mean that the holder diverts assets from the trading platform, but a single data per se does not provide a direct indication of the direction of subsequent prices. The article further emphasizes that the recent decline is weakening market confidence.
One dollar down.
At one point this week, the XRP fell to $1 and touched a minimum of $0.97 and then went back to $1.11. Despite the short-line rebound, prices fell significantly compared to the previous high of $3.65.
According to the article, this round has had a limited rebound from the top and the market remains cautious about the follow-up of the XRP. It is judged mainly by the simultaneous changes in price performance and the size of the currency proposed for the transaction.
Foreign media called funds favour AI
The article also mentioned that some market funds were shifting to AI-related equities and that retail and institutional funds were being allocated more. The view is that the restoration of the AI plate after its recent retreat is faster and the return performance more stable than the encrypted assets.
Based on this judgement, the article argues that XRP cannot be quickly repaired in the short term and that the current market focus has shifted in part from encrypted assets to AI themes. However, this is part of the external perspective, and the core fact remains that the price volatility of the XRP and the outflow of exchange data.