XRP’s Surge Raises Sell-Off Concerns as $80 Million Inflows Recorded

XRP’s Impressive Recovery: 55% Rally Reverses Recent Fall

Following a significant decline in the overall cryptocurrency market, all eyes are now on XRP as it has shown an impressive recovery in the past few hours.

XRP, which had experienced a sharp price drop of 35% in the last 48 hours, has now gained over 55% and formed one of the largest bullish candles in the past two years, according to available data.

The price reversal indicates a bullish trend for XRP. Moreover, this rally seems to be continuing, as the pro-crypto United States President Donald Trump has paused the tariff on Mexico, which he had previously announced on his X handle.

As a result of this update, the cryptocurrency market as a whole has started to recover, including Bitcoin (BTC), which has seen a reversal of over 12% in the past 12 hours, along with other cryptocurrencies.

$80 Million Worth of XRP Inflow

During this significant price reversal, long-term holders, investors, and whales who recently bought the dip have been selling their tokens on exchanges, as reported by the on-chain analytics firm Coinglass.

Data from spot inflow/outflow shows that exchanges have received an inflow of over $80 million worth of XRP in the past 24 hours. This substantial inflow during this record reversal could potentially lead to profit booking and further price decline due to selling pressure.

XRP Technical Analysis and Key Levels

Expert technical analysis suggests that XRP is showing a bullish trend and is forming a large bullish hammer candle. In order for the rally to continue, XRP needs to close above $2.70 or $2.65. If this happens, there is a possibility of a new all-time high.

If XRP does reach a new all-time high, it is highly likely that we will witness a significant upside rally, as indicated by the Relative Strength Index (RSI) at 44, which suggests that XRP still has room for further growth.

Tags: Crypto news, Price Analysis, Ripple (XRP)