The post $34 Million XRP Inflow Signals Potential Price Drop appeared first on Coinpedia Fintech News 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. Source: Coinglass 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. Source: Coinglass 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. Source: Trading View 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.
