Time to Buy XRP? Expert Reveals Key Insights
XRP is an indigenous token for Ripple Labs, which has attracted great attention from crypto enthusiasts and is expected to hold a major upside rally after the formation of bullish price action. Apart from today’s bullish outlook, a well-known crypto expert posted on X (formerly Twitter) on February 8, 2025, XRP seems to be on track to rebound.
Purchase signal XRP token
The post on X also states that a technical metric called the TD order is flashing the purchase signal for the token. However, this noteworthy forecast follows the 25% price drop that XRP has experienced over the past few days.
$18 million XRP outflow
Beyond that, traders and investors show strong interest in tokens, as Chain Analytics reports Small shop. Data from spot inflows/outflows suggest that the exchange witnessed the outflow of $18 million worth of XRP tokens, indicating potential accumulation of whales and long-term holders.
The outflow of communications suggests potential buying opportunities and shows that investors and long-term holders are taking advantage of current market sentiment to continue to accumulate XRP.
Short term value of $32.1 million
In addition to investors’ long-term views, day traders bet on bearish terms, and they believe that the price of XRP will not experience rising momentum. According to Coinglass data, traders have a leverage ratio of up to $2.346 on the lower side, holding long positions worth $20.8 million. In contrast, traders in short positions have leverage of $2.442 and short positions are $32.1 million.
These excessive leverage positions on the short and long sides suggest key support and resistance levels that can be liquidated if the price moves in any direction.
Current price motivation
XRP is currently trading at nearly $2.42, experiencing a price increase of more than 0.15% over the past 24 hours. During the same period, its trading volume fell by 3.5%, with traders and investors participating lower than the previous day.
