XRP Holders Accumulate as $55M Leaves Exchanges – Time to Buy?

Currently, XRP is hovering near a critical support level around $2. Technical chart patterns, particularly a head-and-shoulders formation, have emerged. A break below the neckline may confirm a bearish trend, with price projections dropping toward $1.07.

However, if XRP holds this level, it could spark a bullish reversal, reinforcing confidence in its medium-term trajectory.

Market Sentiment and Future Outlook

Despite recent declines, some analysts remain bullish on XRPs long-term performance. According to AInvest, 2025 price predictions range from $2.25 to $4.59, largely depending on market trends and regulatory developments.

Of note, the anticipated launch of XRP futures by Coinbase Derivatives on April 21, 2025, may influence both market volatility and investor sentiment—introducing new dynamics for institutional participation.

Current Price and Market Performance

In a recent CNF update, one analyst claimed XRP holders could become millionaires, reviving optimism across the XRP community.

This sentiment aligns with the current accumulation trend, highlighted in XRP Holders Accumulate as $55M Leaves Exchanges – Time to Buy？ The ongoing large-scale withdrawals point to increasing long-term confidence in XRPs outlook.

At the time of writing, XRP is trading at approximately $2.07 USD, with a 24-hour trading volume of around $4.86 billion, reflecting a increase over the past day. This follows an decline over the past week, underscoring the tokens recent volatility as it tests key support levels.

Altogether, the rebounding price, rising volume, and major outflows from exchanges indicate that investors may be preparing for an upside breakout—reinforcing the idea that this could be a decisive moment for XRP.