Journalist
Posted:
- The stock exchanges have seen an external flow worth $ 76 million from XRP.
- Books have exceeded for a long time of betting for $ 2.44 and occupied long jobs worth $ 120 million.
XrpIt appears that the original code of Ripple Labs laboratories is recovering after trying a prominent price decline in recent days.
Recovery began when the origin price reached the decisive bullish trend line, which has been kept since the beginning of February 2025.
Regardless of the price reflection area, another reason behind the price recovery is to shift in market morale in all encrypted currencies.
With this shift, investors and merchants jump back to the market with a positive situation, as Coinglass revealed the chain.
$ 76 million of XRP flow
Immediate external flow/flow data revealed that exchanges through the cryptocurrency scene have seen an external flow worth $ 76 million of symbols icon icurp in the past 24 hours.
This seems to be currently indicating a potential accumulation, which may create purchase pressure and pay more bullish momentum.
Source: Coinglass
Besides this, yesterday, when XRP was struggling, a Encrypted From Gemini, 20 million XRP icon, at a value of $ 50.65 million, moved to a portfolio.
Since then, the price has stabilized, while keeping the decisive level of support. However, the title of the wallet is still unknown.
I bet at a value of $ 120 million on the long side
In addition to the whales and “investors” continuously participating and the interest in assets, merchants also follow the same trend.
The data from Coinglass shows that merchants inside the day are currently holding long positions, as they are excessive in excessive prison at the level of $ 2.44 and established $ 124 million of long positions at this level.
Source: Coinglass
XRP current price momentum
With this upward morale in the market and the positive position of traders and investors, XRP was trading near $ 2.61 after it was exposed to increased prices of 1 % in the past 24 hours.
However, during the same period, the trading volume jumped by 11 %, indicating an increase in participation compared to the previous day.
According to the technical analysis of Ampcrypto, XRP started moving up after re -testing its support from the rising trend line.
Based on modern price actions, if XRP is higher than 2.50 dollars, there is a strong possibility that can rise by 22 % to reach a level of $ 3.20 in the future.
Source: TradingView
However, the price of the asset is still trading without the SIA moving average (EMA) in the time frame for four hours, indicating that XRP is still in the declining direction, which may not currently affect merchants and investors.
