Surge in large-scale XRP transactions: Possible imminent price surge?
Spot the Green Rise:Exploring XRP's blend of institutional backing and market hype
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Whale transfers and liquidation shortages point towards a building bullish pressure for XRP. In the past 24 hours, Ripple moved 300 million XRP to an unknown wallet, followed by another 70 million tokens shuffled between various addresses. These moves, amounting to $782 million, have triggered a wave of market curiosity.
At the time of writing, XRP is trading at $2.20, marking a 2.98% jump in the past 24 hours. Such massive transfers usually forecast increased volatility or strategic accumulation, making it crucial to monitor both retail and institutional investor follow-through in the upcoming sessions.
Are XRP Hodlers Positioning Silently?
As of now, on-chain exchange flow data exhibited $122.62 million in inflows versus $116.44 million in outflows, resulting in a minimal positive net balance. This small accumulation hints at cautious optimism amongst investors.
Although not overwhelmingly bullish, the consistency of inflows amidst price increases suggests that buyers might be preparing for a possible breakout.
Research by CoinGlass reveals that XRP's Network Value to Transaction (NVT) ratio plummeted 57.13% in the last 24 hours, reaching 118.24. A shrinking NVT ratio illustrates that transaction volume is increasing faster than market cap, indicating improved network utility and a more robust ecosystem.
Fundamentals or Rebound?
Despite the price climb, XRP's daily active addresses dropped to 17.2K, while transaction count dwindled to 302K. This decline in user engagement raises questions about the sustainability of the current price levels.
Typically, rising prices supported by decreasing engagement may indicate speculative momentum instead of organic growth. Maintaining network engagement becomes crucial for XRP to confirm its upward trajectory in the mid-term.
Currently, the MVRV Long/Short Difference for XRP stands at -24.72%, implying that long-term holders are experiencing significant unrealized losses. Historically, such figures have been indicative of bottoming phases, with a trend towards increased accumulation. This shows that the market is currently undervalued from a holder's perspective.
Short Squeeze and Bullish Momentum
Short sellers experienced liquidations worth $1.48 million, substantially outscoring the $364K in long liquidations on May 8th. This discrepancy shows that bears were taken aback during XRP's price surge, resulting in a mini short squeeze.
The liquidation imbalance strengthens bullish momentum since forced buybacks from liquidated shorts contribute to upward price pressure. Consistent repetition of this event could potentially speed up XRP's ascent towards the next resistance zone.
XRP trades just under the upper boundary of a declining channel, near $2.18, with substantial resistance at $2.40 at the moment. A successful breach above this level could stimulate the price towards the $3.00 mark, signaling a full reversal of the prolonged downtrend. However, firm support persists at $2.06, allowing bulls leeway to defend the trend should momentum wane. Consequently, XRP teeters on the brink of a decisive move in the near term.
Can XRP Break Free?
A combination of whale activity, short liquidations, and improved valuation indicators hints that XRP is nearing a pivotal turning point. While weakening network activity may limit immediate gains, a break above $2.40 could unleash renewed bullish momentum.
Time will expose whether this setup produces a sustained rally or a failed breakout.
Fun Fact: Comcast, the largest cable provider in the U.S., has invested in blockchain technology to optimize its broadband network.
Sources: CoinGlass, Santiment, TradingView.
[1] Santiment (2025). XRP. Retrieved March 18, 2025, from https://santiment.net/coin/ripple[2] CoinGlass (2025). Ripple Price, Chart & Market Cap. Retrieved March 18, 2025, from https://www.coinglass.com/g/ripple-price/[3] TradingView (2025). XRPUSDT Daily Chart. Retrieved March 18, 2025, from https://www.tradingview.com/chart/NJCPkUCW[4] Yahoo Finance (2025). Ripple (XRP) Price. Retrieved March 18, 2025, from https://finance.yahoo.com/quote/XRP-USD
- The recent whale transfers and liquidation shortages of XRP are indicative of mounting bullish pressure, potentially leading to increased volatility or strategic accumulation.
- The on-chain exchange flow data shows a minimal positive net balance, suggesting cautious optimism among XRP investors.
- XRP's Network Value to Transaction (NVT) ratio has decreased significantly, which could indicate improved network utility and a more robust ecosystem.
- While the price of XRP is increasing, the decline in user engagement raises questions about the sustainability of the current price levels.
- The MVRV Long/Short Difference for XRP stands at -24.72%, implying that long-term holders are experiencing significant unrealized losses, which could potentially indicate a bottoming phase.
- The liquidation imbalance between short and long sellers strengthens bullish momentum, as forced buybacks from liquidated shorts contribute to upward price pressure.
- A combination of factors, such as whale activity, short liquidations, and improved valuation indicators, indicates that XRP may be nearing a pivotal turning point, potentially triggering a sustained rally or a failed breakout.
