Million

<p>XRP, the native token of Ripple Labs, is poised for upside momentum as on-chain metrics, technical analysis, and recent whale activity hint at bullish signals. Recently, a whale transaction tracker, <a href="https://x.com/whale_alert/status/1866528434739913137" rel="noopener noreferrer nofollow">Whale Alert</a> made a post on X (previously Twitter) that 22.08 million XRP tokens worth $46.13 million were transferred from Binance to an unknown wallet.</p>  
<h2 class="wp-block-heading" id="h-whale-buy-the-dip-adds-46-13-million-xrp"><strong>Whale Buy the Dip Adds $46.13 Million XRP</strong></h2>  
<p>This substantial XRP transaction occurred during a period when the overall cryptocurrency market was struggling to gain momentum and had been bleeding significantly. However, this transfer of XRP hints at "buy the dip" activity.</p>  
<p>However, yesterday, December 10, 2024, the market downturn caused XRP along with other cryptocurrencies, to bleed significantly. Despite this, whales and long-term holders remained controlled, as they did not move their XRP holdings from their wallets to exchanges for a sell-off, according to the on-chain analytics firm Coinglass.</p>  
<h2 class="wp-block-heading" id="h-140-million-of-xrp-outflow-from-exchanges"><strong>$140 Million of XRP Outflow from Exchanges</strong></h2>  
<p>Data from XRP spot inflow/outflow revealed that exchanges have witnessed a substantial $139.5 million worth of asset outflow in the past three days, while yesterday’s price decline caused a modest inflow of $11 million. This data indicates that long-term holders remain focused on accumulation despite the price decline.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/12/11233259/image-81.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/11233259/image-81-1024x287.png" alt="XRP spot inflow/outflow" class="wp-image-392022"></a>
 <figcaption class="wp-element-caption">
  Source: Coinglass
 </figcaption>
</figure>  
<p>In the cryptocurrency industry, outflow refers to the movement of assets from exchanges to wallets, which is considered a bullish sign as it hints at a potential upside rally and a perfect buying opportunity.</p>  
<h2 class="wp-block-heading" id="h-xrp-technical-analysis-and-upcoming-levels-nbsp"><strong>XRP Technical Analysis and Upcoming Levels&nbsp;</strong></h2>  
<p>Besides the rising interest from whales, <a href="https://coinpedia.org/news/heres-when-xrp-price-and-other-altcoins-will-pump-again/" rel="noopener noreferrer nofollow">XRP’s</a> daily chart appears to be forming a bullish flag and pole price action pattern, hinting at significant upside momentum in the coming days. However, XRP has held itself above the strong support level of $2, which keeps the altcoin bullish, but it is currently facing minor resistance near $2.45.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/12/11233410/XRPUSDT_2024-12-11_23-33-50.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/11233410/XRPUSDT_2024-12-11_23-33-50-1024x448.png" alt="XRP Technical Analysis" class="wp-image-392023"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>  
<p>Based on the recent price action, if XRP breaks the resistance level and closes a daily candle above $2.5, there is a strong possibility it could soar by 60% to reach $4.2. However, there is also a chance of an 18% price decline if sentiment shifts to the bearish side.</p>  
<h3 class="wp-block-heading" id="h-current-price-momentum"><strong>Current Price Momentum</strong></h3>  
<p>At press time, XRP is trading near the $2.40 level and has witnessed a price surge of over 20% in the past 24 hours. However, during the same period, its trading volume dropped by 8%, indicating lower participation from traders and investors compared to the previous day.</p>

$46 Million in XRP Leaves Binance, Buy Signal or What?

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