XRP Exchange Supply Plummets Significantly
- XRP Holdings Decline: As of April 23, 2025, total XRP holdings across 41 exchanges have dropped to $16.1 billion, a 16% decrease since February 24, 2025, indicating a net outflow of over $3 billion as holders shift towards self-custody.
- Major Exchange Trends: Upbit, South Korea's largest exchange, holds 40.26% of the market with $6.48 billion in XRP, up 8.34% since February; in contrast, Binance's holdings surged by 223.64%, adding $1.76 billion, highlighting a stark contrast to declines seen elsewhere.
- Small Exchange Crisis: Korbit and KuCoin have seen XRP balances plummet by 99.72% and 99.82%, respectively, while OKX holds virtually no XRP, indicating that exchanges that once held significant reserves are now nearly depleted, reflecting extreme market instability.
- Supply Shock Risk: With exchange XRP balances down $3.07 billion, the available sell-side supply has contracted significantly, raising the risk of a supply shock if demand increases, although Binance's increased holdings may somewhat offset this trend.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 6 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0516 | 0.0555 | 0.0592 | 0.0631 | 0.0668 | 0.0707 | 0.0744 |
| Fibonacci | 0.0555 | 0.0584 | 0.0602 | 0.0631 | 0.066 | 0.0678 | 0.0707 |
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