News View Non-AMP

80 Million XRP Moves to Exchanges, Correction Incoming?

Published by
Chandan Gupta

Ripple’s native token, XRP, has been making waves in the cryptocurrency realm with its impressive upside momentum. Amid this remarkable price surge, recent activity by whales and investors has raised concerns about a potential sell-off.

80 Million XRP Moves to Binance

The price of XRP has shown consistent growth over the past week, with a significant 45% surge. During this period, some whales and investors have dumped their holdings on Binance, the world’s largest cryptocurrency exchange.

According to the on-chain analytics firm CryptoQuant, Binance’s XRP reserve increased by 80 million over the span of seven days, indicating a potential sell-off and raising concerns about a price decline. Despite this substantial dump of tokens onto the exchange, the XRP price remained neutral and showed consistent growth

Current Price Momentum

Currently, XRP is trading near $3.39 and has experienced a price surge of over 16% in the past 24 hours. This impressive price increase has attracted significant attention from investors and traders, leading to a 45% jump in trading volume, indicating their participation during the same period.

Expert View on XRP

Despite the notable upside momentum in the past 24 hours, a prominent crypto expert recently made a post on X (formerly Twitter) and stated, “Buying XRP at $3 may seem like a good idea, but buying when I did at $2.48—and during the dip at $2.40—would have been better.”

This statement by the expert suggests that XRP is still undervalued and has the potential to soar significantly in the coming days.

XRP Technical Analysis and Upcoming Level

According to expert technical analysis, XRP appears bullish as this rally follows the breakout of the bullish flag and pole price action pattern.

Additionally, the XRP price had been consolidating before this rally began, which is another bullish sign. Based on the recent price action, there is a strong possibility that XRP could soar another 32.5% to reach the $4.45 level in the coming days.

However, as we approach President-elect Donald Trump’s inauguration, this forecasted target seems easily achievable. Though time will tell what happens, it’s clear that sentiment and the cryptocurrency market are likely to soar once Trump takes his presidential oath.

Chandan Gupta

Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space

Recent Posts

Crypto Market Live Today—BTC Slips Below $82,000 While ETH, SOL, & XRP Juggle Around Crucial Support

The weekly trade has begun on a bearish note, with the prices of most tokens…

March 31, 2025

Crypto News: South Korean Trio Jailed for Crypto Ponzi Scheme Promising 30% Monthly Returns

A South Korean court has sentenced three members of a crypto scam ring to prison…

March 31, 2025

Ripple News: Can the SEC’s April 3 Meeting Save XRP from Dropping Below $2?

XRP has shown some interesting price movements over the past 24 hours, with increased trading…

March 31, 2025

Cardano (ADA) Price Prediction for March 31

Amid the bearish market sentiment, Cardano's (ADA) price prediction has become a key topic among…

March 31, 2025

Bitcoin Price Prediction 2025: Here’s Why You Need Not Panic as BTC Price May Rebound Soon!

Bitcoin is about to close the monthly trade on a bearish note, which may hinder…

March 30, 2025

Shiba Inu Price Prediction: SHIB Flashes Green As Rexas Finance (RXS) Positions Itself For a Shocking 21450% Move

Shiba Inu(SHIB) has been making headlines, especially with its recent development. It has started flashing…

March 30, 2025