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XRP Binance Inflows Spike: What It Means For Price

  • The XRP Binance Netflow has spiked to positive levels recently, indicating more inflow transfers than outflow ones.
  • A high number of inflow transactions may not necessarily be a threat as it is mostly driven by retail investors.
  • The XRP price has seen a sharp rally of over 54% in the past week, currently standing at $1.09.
  • It remains to be seen whether the influx of deposits will have a negative impact on XRP's price.

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