XRP News Today: XRP consolidation strengthens as investors transfer billions to private wallets

XRP investors have been actively moving billions of tokens off Binance as the price remains stable around the $3.138 level, signaling growing confidence in the asset's long-term potential. A notable trend has emerged with large volumes of XRP being transferred out of the exchange into private wallets, reducing the supply available for trading and potentially setting the stage for a price increase [1]. This movement reflects a strategic shift toward off-exchange accumulation and highlights investor sentiment that the market may be entering a bullish phase [3].

According to on-chain data, the outflows have occurred while XRP has remained above $3, indicating that the price is holding key support levels. The token has not shown significant downward pressure despite the scale of the withdrawals, suggesting the market is absorbing the change in supply without triggering panic selling [1]. Analysts note that when tokens are removed from exchanges, liquidity in the open market decreases, and any increase in demand can have a more immediate effect on price [5].

Technical indicators further support the view that XRP is in a consolidation phase. The Relative Strength Index stands above 52, signaling balanced momentum without overbought or oversold conditions [1]. Price action remains within a defined range, with resistance near $3.37 and support at around $2.83. The convergence of Bollinger Bands points to a period of consolidation, which often precedes a breakout [3]. If XRP manages to push above $3.10, it could attract additional buying pressure and potentially trigger a broader upward move [9].

The market remains highly active, with open interest in XRP futures exceeding $3 billion and daily trading volumes reaching $12.5 million. This level of activity is seen as a sign of institutional re-entry and strategic accumulation by larger players [3]. At the same time, retail investors have been stepping in to absorb sell-offs, helping to maintain price stability during periods of volatility [5].

While XRP has corrected from its all-time high of $3.60, the asset continues to maintain a strong bullish trend. The $2.80 level remains a critical support that has not yet been tested, and its holding could further reinforce the asset’s upward potential [7]. However, analysts caution that a sharp decline below $3 could lead to leveraged liquidations, with approximately $30 million in open positions at risk from just a 3% drop in price [9].

The current environment reflects a quiet but deliberate accumulation strategy among investors, with technical stability and reduced exchange liquidity combining to form a potentially favorable setup for price growth. The market will be closely watching whether this consolidation will evolve into a more directional move in the coming weeks [3].

Source:

[1] Strong Support at $3.00: XRP has successfully held above the $3.00 level, aligning with the 200-period EMA on the 4-hour chart, and cementing it as a key floor. (https://www.binance.com/en/square/post/28381089295298)

[2] XRP Price Predictions (https://www.binance.com/square/post/28405803878682)

[3] XRP's Volatility and Institutional Re-Entry Amid $1B ... (https://www.ainvest.com/news/xrp-volatility-institutional-entry-1b-liquidations-strategic-accumulation-play-2508/)

[4] No, XRP ATH Push Not Completely Dead (https://u.today/no-xrp-ath-push-not-completely-dead)

[5] XRP Price, XRP Price, Live Charts, and Marketcap (https://www.coinbase.com/price/binance-peg-xrp)

[7] XRP remains in a strong bullish trend despite a recent ... (https://www.instagram.com/p/DNYjukyJLHD/)

[9] XRP News (https://thetradable.com/tag/xrp-news?page=8)