- Two massive whale transfers totaling 33.4M XRP ($108M) hit Coinbase, fueling speculation about profit-taking.
- Despite a 15% drop in trading volume, XRP holds at $3.25 with bullish chart patterns hinting at a possible push toward $3.80.
- Key liquidation zones at $3.134 and $3.334 show longs dominating shorts, but whale moves could hint at a short-term cooldown.
XRP has been on a tear lately—up a solid 20% in just a week—but cracks might be starting to show. Bulls have been in control, yet fresh on-chain activity is sparking whispers of a cooldown, maybe even a short-term reversal if things tip the wrong way.
Whale Transfers Stir the Pot
Over the last 24 hours, Whale Alert lit up with two chunky XRP transactions, totaling 33.396 million tokens—about $108 million—straight into Coinbase. On paper, that’s not inherently bearish, but combined with CryptoQuant data showing exchange reserves ticking higher, it does look like some long-term holders are moving their chips to the table. Historically, that kind of flow often hints at profit-taking.
Bulls Still Have Ammo—For Now
Price-wise, XRP is holding at $3.25, creeping up 2.5% despite a 15% drop in trading volume since yesterday. Lower participation isn’t ideal—it could mean some traders are stepping aside as the price nears its all-time high. Still, technicals are painting a mixed picture: the daily chart broke past a descending trendline, the 4-hour chart cleared a bullish flag, and there’s even the early shape of an inverted head-and-shoulders forming.
Momentum-wise, Bollinger Bands are stretched at the top end, which sometimes triggers a quick pullback before another leg up. RSI’s sitting at 59—not overbought, so bulls could still push. If this flag-and-pole breakout keeps rolling, XRP might just climb another 15% toward $3.80.
Key Levels and the Bull-Bear Tug-of-War
CoinGlass data points to $3.134 as the major downside liquidation level and $3.334 on the upside. Long positions dominate—$170 million vs. just $24.8 million in shorts—so sentiment still leans bullish. The question is whether that’s enough to keep the rally alive… or if those whale moves were the first hints of a breather.
