Price Analysis
  • Chandan Gupta
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    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

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    Time to buy XRP? $55 million of Asset Outflow from Exchanges

    XRP, the native token of Ripple Labs, is gaining massive attention from long-term holders despite a significant sell-off in the cryptocurrency market. On April 4, 2025, data from an on-chain analytics firm revealed that exchanges have been witnessing continuous outflows, even as the asset’s price continues to decline.

    $55 Million Worth of XRP Outflow

    Data from Coinglass revealed that exchanges have witnessed an outflow of a significant $55 million worth of XRP tokens over the past 48 hours. This substantial outflow from exchanges indicates a sign of accumulation and further raises a concern about whether this is an ideal level to buy or not.

    Source: Coinglass

    Current Price Momentum

    At press time, XRP is trading near $2.05 and has recorded a price decline of over 5% in the past 24 hours. However, during the same period, its trading volume jumped by 95%, indicating increased market activity and explaining the assetโ€™s outflow from exchanges.

    XRP Price Action and Upcoming Levels

    According to expert technical analysis, the asset has reached a key level following this massive price decline, creating a make-or-break situation for XRP. The assetโ€™s daily chart reveals that it has formed a bearish head and shoulders pattern and is currently near the neckline.

    Source: Trading View

    However, this level is crucial due to its historical price momentum. Historically, whenever XRP reaches this level, it tends to show a price reversal or rebound, which might explain the recent outflows from exchanges.

    However, if the current market sentiment remains unchanged and the price continues to fall, there is a strong possibility that XRP could drop by 44% to reach the $1.20 level in the future.

    $58 Million Worth of Bullish Bet

    Coinglass liquidation data shows that traders are currently bullish on XRP. At press time, the major liquidation levels or over-leveraged positions are at $2.08 on the upper side and $1.93 on the lower side. At these levels, traders have built $28 million and $58.70 million worth of short and long positions, respectively, over the past 24 hours.

    Source: Coinglass

    These levels indicate that bulls are currently dominating the asset and are hoping that XRP’s price will not fall below the $1.93 level in the coming days.

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