$1.47 Billion XRP Floods Exchanges—Brace for Impact or Buy the Dip?
A tidal wave of XRP just hit trading platforms—$1.47 billion worth. Market watchers are split: Is this a whale dumping or a strategic repositioning?
Price pressure ahead?
Historically, massive exchange inflows signal sell-offs. But XRP’s liquidity surge could also mean institutional players are gearing up for something big. The token’s recent resilience against SEC FUD adds intrigue.
Meanwhile, traders are doing what they do best—overreacting while Wall Street ‘experts’ flip-flop on predictions like a pancake at a diner.
One thing’s certain: Volatility’s back on the menu.
Most XRP Holders Are Sitting on Gains
More than 98% of all XRP currently in circulation is now in profit. That means most holders bought their XRP at lower prices and are now seeing gains.
While this is bullish for sentiment, it also increases the risk of profit-taking. When nearly everyone is in profit, some may choose to sell, especially after such a sharp rally. This can create short-term resistance for further upside.
Supply in Profit simply shows how much of the circulating XRP supply is currently worth more than when it was acquired.
XRP Supply on Exchanges is Rising
XRP balances on exchanges have surged to 3.949 billion tokens, the highest level in over four months. This sharp uptick coincided with XRP’s recent rally from $2.16 to $2.83. Compared to June 23, more than 519 million XRP, worth around $1.47 billion, have flowed onto exchanges.
The only way this doesn’t hurt the price is if bigger players step in and buy the excess supply, fast. Otherwise, this $1.47 billion in potential liquidity could drag the price down from current levels.
Exchange Balance tracks how much XRP is sitting on centralized exchanges, ready to be traded. Spikes in this metric often show up just before large-scale selling.
XRP Price Update: Pullback Still Bullish
XRP is trading just under $2.90 after breaking the $2.725 resistance, which was the 0.786 level of our Trend-based Fibonacci extension lines drawn from the April low to May high to the June low.
Trend-Based Fibonacci Extension is a charting tool that uses three points: a low, a high, and a retracement, to project potential future resistance or target levels in trending markets.
The next resistance is at $2.949. If sellers step in, possible support lies at $2.725 and $2.550. A deeper correction WOULD only overall invalidate the broader bullish structure if the price breaks below $2.30.
That would push the xrp price into a range it has been trading in since late April. For this kind of aggressive correction, the “Supply in Profit” folks would have to start offloading their XRP stash more aggressively.
Also, if the XRP price breaks the $2.949 resistance zone, followed by a dip in exchange balance, the pullback hypothesis might fall flat, almost confirming the next leg of its price rally.
