Whale movements and short-term liquidations suggest rising bullish pressure.
On-chain metrics show dispersion as user activity wanes despite price recovery.
Recently, Ripple transferred 300 million XRP to an unknown wallet, followed by 70 million tokens transferred between addresses of unknown origin.
The large-scale moves, worth a total of $782 million, have attracted fresh attention in the market.
At the time of writing, XRP is trading at $2.20, up 2.98% over the past 24 hours.
Such large trades often herald high volatility or strategic accumulation, making it important to monitor further moves from both retail and institutional investors in the coming sessions.
Are XRP Investors Quietly Positioning?
On-chain exchange flow data shows $122.62 million inflows versus $116.44 million outflows, creating a slight positive balance.
This slight consolidation shows cautious optimism among market participants.
While not overly bullish, the consistency of inflows amid price increases suggests buyers may be preparing ahead of a potential rally.
Source: CoinGlass
XRP's NVT ratio decreased by 57.13% in the last 24 hours to 118.24.
A decrease in NVT indicates that transaction volume is growing faster than market capitalization, signaling improved utility and a healthier network.
This decline is consistent with increased capital transfers within the ecosystem, suggesting that XRP is becoming more firmly supported fundamentally.
Overshooting the base or preparing for a rally?
Despite the price increase, XRP's daily active addresses dropped to 17.2K, while transactions dropped to 302K. This decline in user activity raises concerns about the sustainability of current price levels.
Typically, rising prices supported by falling activity can indicate speculative momentum rather than organic growth.
Without a recovery in network participation, XRP may struggle to maintain its bullish trajectory in the medium term.
Source: Santiment
The short/long MVRV differential for XRP is -24.72% at the time of writing, suggesting that long-term holders are suffering unrealized losses.
History shows that these levels often coincide with bottoms where accumulation tends to increase. Therefore, the current reading indicates that the market is undervalued from a Holder perspective.
Price pressure is increasing
Short sellers faced $1.48 million worth of liquidations, far outpacing the $364K in long liquidations on May 8.
This imbalance suggests that bears were caught off guard during XRP’s rally, creating a mini short squeeze.
This liquidation imbalance reinforces the upside momentum, as forced buybacks from liquidated shorts add further upward pressure.
This development, if repeated, could accelerate XRP's climb towards the next resistance zone.
Source: CoinGlass
XRP is trading just below the upper boundary of a descending channel, near $2.18, with major resistance at $2.40 at the time of writing.
A successful breakout above this level could push the price towards the $3.00 mark, signaling a complete reversal of the multi-month downtrend.
However, strong support remains at $2.06, providing additional room for bulls to defend the trend if momentum falters. As such, XRP looks poised for a decisive move in the near future.
Source: TradingView
Can XRP Break?
The confluence of “whale” activity, short liquidations, and improving valuation metrics suggests XRP is approaching a key inflection point.
While weak network activity could limit the upside in the short term, a breakout above $2.40 could spark fresh bullish momentum.
The coming days will determine whether this turns into a sustained rally or a failed breakout.
Source: https://tintucbitcoin.com/hoat-dong-ca-voi-xrp-tang-dot-pha-sap-den/
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