XRP Price Prediction: Whale Daily Net Outflow of 50 Million USD, 2.73 USD Becomes Key "Lifeline"

On-chain data shows that XRP the 30-day net flow of whales (large holders) has recently remained in deep negative territory, indicating that XRP is under continuous selling pressure from these influential investors. Crypto data analysis platform CryptoQuant's community analyst pointed out that the current negative value of this indicator is about 50 million dollars daily. This ongoing outflow may be one of the reasons for XRP's recent weak performance, failing to follow the big pump of other crypto assets like Bitcoin. Meanwhile, another analyst, Ali Martinez, identified a parallel channel through technical analysis, noting that 2.73 dollars is a key support level for XRP, and if this support level holds, the price is expected to rebound to the upper edge of the channel at 3.10 dollars.

Whale Continues to Sell: Net Flow Records Daily Negative 50 Million USD

The trend of the on-chain data indicator "Whale Flow" clearly reveals the strong selling pressure that the XRP market is experiencing.

· Whale Flow Indicator: "Whale" refers to large investors who hold a significant amount of XRP. The Whale Flow Indicator measures the net inflow or outflow of XRP in this group's wallets. A negative value indicates that whales are transferring tokens out of their wallets, usually for selling or cashing out, which means dumping pressure.

(Source: CryptoQuant)

· Continuous negative value trend: The chart shared by CryptoQuant community analyst Maartunn shows that the 30-day moving average (MA) whale flow of XRP has sharply declined to deep negative values since XRP's price peaked above $3.6 in July. This indicates that large holders have taken advantage of the price rise to conduct large-scale profit-taking.

· Daily massive outflow: Since July, this indicator has remained at similar negative levels, indicating that Whale selling behavior has not ceased. Currently, the indicator is at a daily negative level of 50 million USD, meaning that Whales have been net selling an average of 50 million USD worth of XRP per day over the past month.

· Impact on price: Analysis suggests that this ongoing selling pressure may be the main reason why XRP's price has not experienced a significant rebound recently like Bitcoin and other major Crypto Assets.

Technical Analysis Interpretation: $2.73 is the key "lifeline" for XRP

Under the ongoing on-chain selling pressure, technical analysts are focusing on the key price support level of XRP to determine whether it can achieve a rebound.

· Parallel Channel Pattern: Analyst Ali Martinez has identified that the price of XRP has seemingly been trading within a parallel channel over the past few months. A parallel channel is a common Technical Analysis (TA) consolidation pattern, where the asset price fluctuates between two parallel trend lines.

· Key support and rebound target: In this parallel channel, the position of $2.73 serves as the lower support line of the channel.

· Rebound Prediction: Analysts point out that if the support level of 2.73 dollars can hold effectively, XRP is expected to rebound to the upper resistance level of the parallel channel, which is 3.10 dollars. A successful breakthrough of this support-resistance range may help XRP reverse its current downturn.

Conclusion

The XRP market is currently in a "tug-of-war" game dominated by on-chain whales. On one hand, the daily net outflow of 50 million USD from whales creates significant fundamental pressure, suppressing the price upward momentum. On the other hand, technically, the key support level of 2.73 USD has become the focus of market attention. The future trend of XRP will depend on the outcome of the battle between bulls and bears at this critical price point. Investors should closely monitor whether there is a positive shift in whale flow and whether the support effect at 2.73 USD is effective.

This article is for news information only and does not constitute any investment advice. The crypto market is highly volatile, and investors should make decisions with caution.