Following XRP Holders’ Preparation for Major Impact Ahead of Crucial SEC Meeting
As CNF highlighted yesterday, Coinpedia Fintech News reports that over the past 48 hours, approximately $55 million worth of XRP has been withdrawn from exchanges—suggesting a potential accumulation phase by holders.
XRP, the native token of Ripple Labs, has recently seen heightened activity, drawing attention from investors and analysts. Data from Coinglass reveals:
Exchanges experienced an outflow of $55 million in XRP tokens within a short timeframe. Such substantial withdrawals often suggest that investors are moving their assets to private wallets, possibly indicating a long-term holding strategy and confidence in the asset’s future performance.
Technical Analysis: A Pivotal Moment for XRP
Currently, XRP is hovering near a critical support level around $2. Technical chart patterns, particularly a head-and-shoulders formation, have emerged. A break below the neckline may confirm a bearish trend, with price projections dropping toward $1.07.
However, if XRP holds this level, it could spark a bullish reversal, reinforcing confidence in its medium-term trajectory.
Market Sentiment and Future Outlook
Despite recent declines, some analysts remain bullish on XRP’s long-term performance. According to AInvest, 2025 price predictions range from $2.25 to $4.59, largely depending on market trends and regulatory developments.
Of note, the anticipated launch of XRP futures by Coinbase Derivatives on April 21, 2025, may influence both market volatility and investor sentiment—introducing new dynamics for institutional participation.
Current Price and Market Performance
In a recent CNF update, one analyst claimed XRP holders could become millionaires, reviving optimism across the XRP community.
This sentiment aligns with the current accumulation trend, highlighted in XRP Holders Accumulate as $55M Leaves Exchanges – Time to Buy? The ongoing large-scale withdrawals point to increasing long-term confidence in XRP’s outlook.
At the time of writing, XRP is trading at approximately $2.07 USD, with a 24-hour trading volume of around $4.86 billion, reflecting a 0.80% increase over the past day. This follows an 8.18% decline over the past week, underscoring the token’s recent volatility as it tests key support levels.
Altogether, the rebounding price, rising volume, and major outflows from exchanges indicate that investors may be preparing for an upside breakout—reinforcing the idea that this could be a decisive moment for XRP.