Crypto whales verplaatsen miljoenen XRP naar Coinbase – gaat Ripple dalen door sell-offs?
XRP appears to be losing steam after surging as whales send millions of tokens to exchanges and selling pressure increases. Whale Alert reported that 30.17 million XRP was sold off on Coinbase, while CryptoQuant recorded an increase of 34 million XRP in foreign exchange reserves. Meanwhile, XRP is struggling with technical resistance around $2.60 and key support at $2.30. In this article we will take a closer look at the causes of this situation and the possible consequences XRP Price Prediction.
Whales dump millions of XRP on Coinbase
in a post
🚨🚨🚨🚨30,171,667 #ripplecoin ($76,341,868) transferred from unknown wallet to #Coinbasehttps://t.co/K86Ql4cAjQ
— Whale Alert (@whale_alert) January 12, 2025
Additionally, on-chain analytics firm CryptoQuant noted that exchange reserves increased by 34 million XRP in the past 48 hours. This indicator indicates that long-term holders are starting to move their holdings to exchanges, which could signal a potential sell-off and increase selling pressure.
foreign exchange reserves. Brown: CryptoQuant
On top of that, these sell-off signals and noteworthy XRP trades are occurring at a time when the altcoin appears to be losing technical strength.
XRP drops towards key support level
With XRP recently breaking above a key downtrend line, traders are anticipating a sharp rebound. However, the price is back to $2.40, suggesting momentum is waning rather than strengthening. Let’s explore the reasons for this sudden slowdown and the possible consequences for the market.
Although XRP managed to break above the downtrend line, the rally failed to maintain sustained momentum. This suggests there will be little buying pressure following the breakout, which is critical for continuation of the move higher. XRP is now more vulnerable to selling pressure from whales and others (as mentioned earlier) as it failed to convincingly close above $2.50, which eroded bull confidence.
Ripple exchange rate. Source: TradingView
The broader crypto market is in a de-risking phase, with traders taking profits after recent gains. This pattern is especially evident for assets like XRP, which have seen significant gains. Declining risk appetite has limited inflows into XRP, further hampering price appreciation.
XRP encountered significant resistance near $2.60, hampering the upside. This resistance combined with falling volume suggests traders are reluctant to raise prices further without a stronger push.
The key support point to watch is $2.30, which corresponds to the 50 EMA. If XRP breaks this barrier, it could test lower support levels such as $1.69 or even $1.20.
The RSI is currently neutral around 57, indicating uncertainty in the market. If the selling pressure persists, XRP could fall further, especially if the broader market remains cautious. However, a strong rebound from the $2.30 support could revive optimism and allow for another breakout attempt. Therefore, it seems wise to discover better emerging cryptocurrencies:
Possible alternatives to XRP
Despite Ripple’s strong gains in November, the currency now appears to be losing momentum while other cryptocurrencies look more attractive. Especially the coins that are still in there Pre-sale stage, providing investors with a unique opportunity to get in early at a low price, potentially achieving higher returns.
Wall Street Invitation (WEPE)
Anyone who knows Pepe the Frog knows the money-making potential of this meme. The original PEPE meme coin has a market cap of over $7.4 billion. That’s why pre-sales Wall Street Invitation (WEPE)a smart alternative to the traditional Peppa Frog, has been a huge success.
Currently, WEPE has raised more than $47 million in funding. This achievement once again shows how attractive meme coins like WEPE can be. What makes this presale unique, however, is that it offers more than just the meme aspect.
The creators of this cryptocurrency have created a private community exclusively open to WEPE traders. In this community, they provide precise guidance on the best times to buy coins. When you and other traders purchase a token, they promote it on the public platform. This strategy causes the price to increase, giving you the opportunity to sell WEPE quickly for a profit.
Go to Wall Street Pepe official website
SOLX
In a cryptocurrency space that is largely influenced by meme coins, it is easy to overlook the existence of crypto projects that serve a variety of functions and provide benefits to traders and developers. Fortunately I’m late SOLX Seeing utility-driven coins can represent a valuable investment opportunity.
Solaxy acts as both a network and a cryptocurrency. The Solaxy network exclusively serves as a layer 2 solution built on the Solana blockchain. As you know, the Solana network is characterized by fast transaction speeds and low fees, which is particularly suitable for the development of meme coins. However, it is less effective for decentralized finance (DeFi) applications due to frequent transaction errors and insufficient liquidity.
By using the Solana blockchain and Ethereum, Solaxy successfully solves these problems. As a result, the network is characterized by speed, cost-effectiveness and reliability. Therefore, it is only a matter of time before a large number of DeFi developers turn to Solaxy. This will have a positive impact on the price of the token.
BEST WALLET (BEST)
As Solaxy stands for BEST WALLET (BEST) A project that also offers practicality in the market. However, unlike Solaxy, Best Wallet is not focused on a specific blockchain or network; instead, it encompasses a broad crypto ecosystem. The ecosystem includes a cryptocurrency wallet, a decentralized exchange, and an 8% cash back debit card.
The rapid growth of the platform is currently impressive, with more than 100,000 users on both Android and iOS platforms. This development bodes well for the value of the platform’s native token, BEST. The increase in the number of users using Best Wallet correlates with the increase in demand for BEST.
Owning $BEST brings numerous benefits to users. This reduces transaction costs on exchanges and debit cards while also enjoying exclusive pre-sales of the latest coins available only on Best Wallet.
