XRP Exchange Reserves and Whale Activity Suggest Possible Short-Term Correction Ahead
2025-07-16 11:20:31
Main Idea
XRP exchange reserves and whale activity suggest a potential short-term price correction, with critical support levels at $2.77 and $2.34.
Key Points
1. XRP’s exchange reserves on Binance have reached 2.96 billion tokens, the highest since January 2025, indicating potential selling pressure.
2. A similar spike in exchange reserves in May 2025 preceded a 20% price correction, suggesting a possible short-term pullback.
3. XRP whale transactions (transfers exceeding $1 million) have surged to a three-month peak, signaling a possible distribution phase.
4. Technical analysis identifies $2.34 as a key Fibonacci retracement level, representing a potential 20% correction from current prices.
5. Immediate support levels are at $2.80 and $2.77, with a breach potentially accelerating downward momentum toward $2.34.
Description
XRP exchange reserves have surged to their highest point since January 2025, echoing a previous peak that led to a significant 20% price correction. Whale transactions have reached a three-month
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