Chad Steingraber, a prominent figure in the crypto space, has drawn attention to an important market development involving XRP.
In a recent post, he reported that Kraken had introduced direct USD-to-XRP trading and noted an inflow of $8.16 million, sharing graphics that illustrated the movement of funds across major exchanges.
Steingraber, who frequently comments on digital asset activity, used the post to emphasize a notable increase in XRP trading volumes, which he believes could swiftly send XRP to $20 price level.
Kraken just turned up with DIRECT USD to XRP!!
$8.16Million just flooded in… 🔥🔥 https://t.co/gc9B8H6e0G pic.twitter.com/ZdR2U8oGQW
— Chad Steingraber (@ChadSteingraber) September 18, 2025
Chart Shows Heavy Inflows to Kraken
The chart in Steingraber’s post displays a heatmap tracking XRP movement across exchanges. According to the data shown, Kraken recorded a net inflow of $8.16 million in XRP/USD trading, significantly larger than the figures from other exchanges on the chart.
Binance followed with $2.02 million, while Coinbase, Bybit, and others saw smaller inflows. This visualization highlights the size of the inflows on Kraken compared with its competitors, and shows the high demand for XRP and Kraken’s direct trading pair.
The figures are especially striking because they show direct USD-to-XRP movement on Kraken, an option that not all major exchanges support. By emphasizing the direct USD pair, Steingraber’s post drew attention to increasing liquidity and easier access for traders.
Large net inflows on a single exchange can signal strong buying interest, especially when contrasted with lower activity elsewhere.
Market Optimism and Price Expectations
Alongside the inflow announcement, Steingraber previously expressed his outlook for XRP’s price. He wrote, “When XRP makes its first run to $20 soon, there’s gonna be a lot of hate and anger. Don’t worry, they’re just jealous.”
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— TimesTabloid (@TimesTabloid1) June 15, 2025
This statement reflects confidence in XRP’s future performance and indicates his belief that the asset could reach a substantially higher price. While price predictions are speculative, Steingraber’s remark captures optimism among XRP supporters at a time of rising volumes.
A Positive Signal for XRP
Such high-volume inflows, particularly from a direct USD trading pair, can boost liquidity and trading depth. Increased liquidity generally benefits active traders and may reduce slippage on large orders. This environment can also help establish a more robust market for institutional participants who may prefer exchanges with higher liquidity and fiat currency options.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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