XRP Withdrawals Surge, Deposits Hit Two-Year Low
- Withdrawal Surge: According to CryptoQuant data, the share of XRP withdrawals on Binance has significantly increased to 53.8%, marking the highest level since June 2024, indicating strong investor demand for XRP.
- Deposit Decline: During the same period, XRP deposits fell to 46.1%, the lowest rate since 2024, with withdrawals exceeding deposits by 7.7 percentage points, reflecting a shift in market sentiment.
- Sustained Trend: CryptoQuant noted that XRP withdrawals have outperformed deposits for seven consecutive days since June 17, suggesting that this change in trading behavior is not a one-off event but a sustained market trend.
- Transaction Activity Reversal: The data shows a clear reversal in XRP transaction dynamics, with withdrawals now accounting for a larger share of total activity while deposits have hit a two-year low, indicating a fundamental shift in market perception of XRP.
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Technical Analysis for ALT
Technical Sentiment Analysis for Altlayer (ALT). As of , Altlayer (ALT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ALT 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, ALT 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 $-.
Altlayer (ALT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00396 | 0.00493 | 0.00574 | 0.00671 | 0.00752 | 0.00849 | 0.0093 |
| Fibonacci | 0.00493 | 0.00561 | 0.00603 | 0.00671 | 0.00739 | 0.00781 | 0.00849 |
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