Are XRP Holders on Buying Spree? $38M outflow from Exchanges
In the past few days, Ripple Labs’s native currency XRP seems to have been consolidating in the narrow range. During this period, whales have been accumulating tokens.
XRP flows from the exchange $ 38.51 million
Today, on January 24, 2025, the data from the analysis company from the chain Coin glass According to reports, in the past 24 hours, long -term holders and investors have withdrawn from the exchange for $ 38.51 million XRP.
A large amount of funds from the exchange indicate that long -term holders may increase their holdings, which may produce pressure on purchase and promote further rising momentum. However, this transaction occurred during the period when the price of XRP was difficult to rise.
In addition, another factor that attracted attention was the garbage dump left by these whales. The spot inflow/outflow indicators show that before the tokens withdrawn from the exchange, investors and long -term holders have sold XRP worth $ 35.4 million, indicating that the market sentiment is recovering.
XRP technical analysis and the upcoming level
At present, XRP has been consolidated in a narrow range between $ 2.915 and $ 3.30 for more than a week. However, expert technical analysis shows that despite consolidating, the tokens seem to be bullish because it recently broke the bullish flag bar price trend mode within the daily framework.
According to the recent price trend and historical momentum, if the XRP breaks through the consolidation and close the daily candle above 3.31 US dollars, it is likely to soar by 35%to reach the level of $ 4.50.
RSI flashing signal
At present, XRP’s relative strength index (RSI) is 60, close to the super -buying area. Analysts and experts believe that this shows that the tokens will still have enough room for great increase in the next few days.
The current transaction price of XRP is close to $ 3.15, and prices have soared by more than 2.10%in the past 24 hours. However, its transaction volume decreased by 11%at the same time, indicating that due to the unclear mood, the participation was low.
