Key Takeaways XRP’s Open Interest climbed to $2.92 billion as whales shifted $500 million off-exchange. The Coinbase-led volume spike contrasts with
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$500M in XRP moved! – How whales could drive its next rally
While retail traders chased exchange momentum, whale activity shifted off-exchange. This divergence suggests either long-term accumulation or preparation for private transactions.
Naturally, this disconnect between public hype and whale silence adds uncertainty to XRPs short-term direction.
Is XRP speculation rising behind the scenes?
Source: CryptoQuant
Did shorts get caught off guard by sudden upside volatility?
The wipeouts occurred across Bybit, OKX, and Binance, showing that bearish traders were forced to close positions.
This short-side flush coincided with XRPs surge on Coinbase, pointing to possible coordinated buys or momentum-driven rallies.
Events like these often accelerate price moves through forced buys, supporting the idea that bullish pressure may still be active.
Source: CoinGlass
Does THIS confirm continued bullish confidence?
At the same time, Exchange Reserves rose, indicating belief in short-term price appreciation.
However, if whales continue to operate off-exchange while retail traders remain exposed, sentiment could shift rapidly with any major exit.
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