XRP, the default token of Ripple Labs, is drawing a lot of attention from long -term holders despite significant sales in the cryptocurrency market. On April 4, 2025, according to the data of the onchain analysis company, the exchange is continuously leaked even if the price of assets continues to fall.
$ 55 million in XRP leakage
According to CoingLass’s data, the exchange has seen a $ 55 million XRP token leak in the last 48 hours. This actual outflow of the exchange represents signs of accumulation and further raises concerns about whether it is ideal for purchasing.
Current price momentum
In the press time, XRP has a deal of nearly $ 2.05 and has fallen more than 5% over the last 24 hours. However, during the same period, the volume of trading increases by 95%, which increases market activities and describes the leak of the exchange of assets.
XRP price behavior and upcoming level
According to expert technology analysis, assets reached the core level following this large -scale price, creating a manufacturing situation of XRP. According to the asset’s daily chart, it has formed a weak head and a shoulder pattern and is now near the neckline.
But this level is important because of the historical price propulsion. Historically, the price tends to show a reversal or rebound every time XRP reaches this level, which can explain the recent leakage of the exchange.
However, if the current market has not changed and prices continue to fall, it is likely that XRP will decrease 44% to reach $ 1.20 in the future.
Strong bet worth $ 58 million
According to the CoingLass liquidation data, merchants are currently optimistic in XRP. The main liquidation level or excessive location for the press time is $ 2.08 at the top and $ 1.93 at the bottom. At this level, traders have built short and long positions worth $ 28 million and $ 570 million, respectively, in the last 24 hours, respectively.
This level indicates that the bull is currently dominating assets and hopes that the price of XRP will not fall below $ 1.93.