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$55M in asset flows from exchanges, first published on Coinpedia Fintech News.

XRP, the native token of Ripple Labs, has been gaining significant interest from long-term investors despite a sharp sell-off in the cryptocurrency market. On April 4, 2025, data from a blockchain analytics firm revealed that trading platforms are experiencing sustained outflows, even as the asset's price continues to decline.

$55 million in XRP outflows

Data from Coinglass reveals that exchanges have seen a massive outflow of $55 million worth of XRP tokens over the past 48 hours. This significant outflow from exchanges indicates accumulation, raising questions about whether this level is ideal for buying.

Source: Coinglass Stock Current Price Momentum

At the time of publication, XRP was trading at $2.05, having dropped more than 5% in price over the past 24 hours. However, during the same period, its trading volume increased by 95%, indicating increased market activity and explaining the asset's exodus from exchanges.

XRP Price Action and Upcoming Levels

According to expert technical analysis, the asset reached a significant level after this significant price drop, creating a critical situation for XRP's success. The asset's daily chart shows that it has formed a bearish head and shoulders pattern and is currently near the neckline.

Source: Trading View

However, this level is of critical importance given its historical price momentum. Historically, whenever XRP reaches this level, it tends to signal a price reversal or recovery, which may explain the recent outflows from exchanges.

However, if the current market sentiment remains unchanged and the price continues to decline, there is a strong possibility that XRP could drop by 44% to reach $1.20 in the future.

$58M bullish bet

Coinglass liquidation data shows that traders are currently bullish on XRP. As of press time, key liquidation levels, or excessively leveraged positions, were $2.08 at the top and $1.93 at the bottom. At these levels, traders have built short and long positions worth $28 million and $58.70 million, respectively, over the past 24 hours.

Source: Coinglass

These levels indicate that bulls are currently dominating the asset and are hoping that the XRP price will not drop below the $1.93 level in the coming days.

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