XRP, the native token of Ripple Labs, draws massive attention from long-term holders despite a large sale on the cryptocurrency market. On April 4, 2025, data from a chain analysis company revealed that the exchanges witnessed continuous outings, even if the price of the asset continues to decrease.
$ 55 million in XRP outings
Coinglass data has revealed that exchanges have experienced a large $ 55 million from XRP tokens in the last 48 hours. This substantial exit of exchanges indicates a sign of accumulation and raises more the question of whether it is an ideal level to buy or not.
Current price momen
At the time of the press, XRP is negotiated nearly $ 2.05 and recorded a drop in prices of more than 5% in the last 24 hours. However, during the same period, its negotiation volume jumped 95%, indicating an increased market activity and explaining the exits of trade assets.
XRP price action and upcoming levels
According to an expert technical analysis, the asset has reached a key level following this massive price drop, creating a brand situation or rupture for XRP. The daily graphic of the Asset reveals that he has formed a head and shoulder pattern and is currently near the neck.
However, this level is crucial because of its historic price dynamics. Historically, whenever XRP reaches this level, it tends to show an inversion or a price rebound, which could explain the recent releases of trade.
However, if the current feeling of the market remains unchanged and the price continues to drop, there is a high possibility that XRP drops by 44% to reach the level of $ 1.20 in the future.
$ 58 million in bruising bet
Coinglass liquidation data show that traders are currently optimistic on XRP. At the time of the press, the main levels of liquidation or the overvacuated positions are $ 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 in short and long positions, respectively, in the last 24 hours.
These levels indicate that the bulls currently dominate the asset and hope that the price of XRP will not fall below the level of $ 1.93 in the coming days.
