80 million XRP moves to exchanges, is there a correction?

Ripple’s native token, XRP, has been making waves in the cryptocurrency world with its impressive upward momentum. Amid this notable price rise, recent activity by whales and investors has raised concerns about a potential sell-off.

Transfer 80 million XRP to Binance

The price of XRP has shown consistent growth over the past week, with a significant rise of 45%. During this period, some whales and investors dumped their holdings in Binance, the world’s largest cryptocurrency exchange.

According to on-chain analytics firm CryptoQuant, Binance’s XRP reserve increased by 80 million over seven days, indicating a potential sell-off and raising concerns about a price decline. Despite this large dump of tokens on the exchange, the XRP price remained neutral and showed steady growth.

Current price momentum

Currently, XRP is trading near $3.39 and has seen a price rise of more than 16% over the past 24 hours. This impressive price increase received great attention from investors and traders, resulting in a 45% jump in trading volume, demonstrating their participation during the same period.

Expert view on XRP

Despite the notable upward momentum over the past 24 hours, there is notable momentum Crypto expert He recently made a post on

This statement by the expert indicates that XRP is still undervalued and has the potential to rise significantly in the coming days.

Technical analysis of XRP and the next level

According to expert technical analysis. XRP It looks bullish as this rally follows a bull flag breakout and a polar price action pattern.

Additionally, the price of XRP was consolidating before this rally began, which is another bullish signal. Based on the recent price action, there is a strong possibility that XRP will rise another 32.5% to reach the $4.45 level in the coming days.

However, as we approach the inauguration of President-elect Donald Trump, this expected goal appears easily achievable. Although time will tell what happens, it is clear that sentiment and the cryptocurrency market will likely rise once Trump is sworn in as president.