Time to buy XRP? $55 million of Asset Outflow from Exchanges

XRP, the native token of Ripple Labs, is gaining large consideration from long-term holders regardless of a big sell-off within the cryptocurrency market. On April 4, 2025, knowledge from an on-chain analytics agency revealed that exchanges have been witnessing steady outflows, even because the asset’s value continues to decline.

$55 Million Worth of XRP Outflow

Data from Coinglass revealed that exchanges have witnessed an outflow of a big $55 million value of XRP tokens over the previous 48 hours. This substantial outflow from exchanges signifies an indication of accumulation and additional raises a priority about whether or not this is a perfect degree to buy or not.

Current Price Momentum

At press time, XRP is buying and selling close to $2.05 and has recorded a value decline of over 5% prior to now 24 hours. However, throughout the identical interval, its buying and selling quantity jumped by 95%, indicating elevated market exercise and explaining the asset’s outflow from exchanges.

XRP Price Action and Upcoming Levels

According to skilled technical evaluation, the asset has reached a key degree following this large value decline, making a make-or-break scenario for XRP. The asset’s every day chart reveals that it has shaped a bearish head and shoulders sample and is at present close to the neckline.

However, this degree is essential due to its historic value momentum. Historically, each time XRP reaches this degree, it tends to present a value reversal or rebound, which could clarify the latest outflows from exchanges.

However, if the present market sentiment stays unchanged and the worth continues to fall, there’s a sturdy chance that XRP might drop by 44% to attain the $1.20 degree sooner or later.

$58 Million Worth of Bullish Bet

Coinglass liquidation knowledge exhibits that merchants are at present bullish on XRP. At press time, the foremost liquidation ranges or over-leveraged positions are at $2.08 on the higher aspect and $1.93 on the decrease aspect. At these ranges, merchants have constructed $28 million and $58.70 million value of quick and lengthy positions, respectively, over the previous 24 hours.

These ranges point out that bulls are at present dominating the asset and are hoping that XRP’s value won’t fall beneath the $1.93 degree within the coming days.