$34 Million XRP Inflow Signals Potential Price Drop

After breaking out of a prolonged consolidation, $XRP, the native token of Ripple Labs, appears to be struggling as whales and long-term holders have been dumping $XRP tokens onto exchanges.

$34 Million Worth $XRP Inflow Onto Exchanges

Today, on February 14, 2025, the on-chain analytics firm Coinglass revealed that exchanges have seen an inflow of a significant $34 million worth of $XRP in the past 24 hours.

In the cryptocurrency market, inflow refers to the transfer of assets from long-term holders’ wallets to exchanges, which hints at a potential dump. Such inflows onto exchanges have the potential to cause selling pressure and lead to further price drops.

Current Price Momentum

However, this bearish move by investors and long-term holders comes after $XRP price soared by 11% in the past 24 hours, and these holders might have seen this as an ideal level for profit booking.

Currently, $XRP is trading near $2.70, and at the same time, due to the impressive upside momentum, its trading volume has jumped by 50%, indicating rising investor and trader participation in the past 24 hours.

$XRP’s Major Liquidation Level

Despite bearish activity from investors and long-term holders, intraday traders are betting on the bullish side. Data revealed that intraday traders are currently over-leveraged at $2.497 on the lower side and $2.80 on the upper side.

At these levels, both buyers and sellers have built $143 million worth of long positions and $55 million worth of short positions. These over-leveraged positions hint that bulls are currently dominating the asset.

$XRP Price Action and Upcoming Level

According to expert technical analysis, $XRP is currently facing mild resistance near the $2.80 level, which is causing trouble for the asset by creating selling pressure and further price drops.

Based on recent price action and historical patterns, if $XRP breaches the resistance level and closes a daily candle above the $2.85 level, there is a strong possibility it could soar by 20% to reach the $3.35 level in the coming days.