XRP Exchange Outflows Surge 300%. Is It Enough to Save the Chart?

XRP price faces a bearish head and shoulders pattern that risks an 18% drop below $1. Yet, exchange outflows have surged over 300% since mid-May. Plus, open interest dropped, and long leverage hit multi-week lows. The surging buying pressure could keep XRP range-bound for now, but a move below the neckline confirms the breakdown scenario.