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<p>XRP, the native token of Ripple, has achieved a significant milestone by crossing the $2 level for the second time since Jan 2018. With its impressive performance, it seems likely that the bulls will carry this rally until it reaches the $3 mark.</p>   
<h2 class="wp-block-heading" id="h-will-the-xrp-price-rally-continue"><strong>Will the XRP Price Rally Continue?</strong></h2>   
<p>Following XRP's latest achievement, participation from whales and investors has skyrocketed and is raising one common question – Will this rally continue, or is there a chance of a price correction in the coming days?</p>   
<h3 class="wp-block-heading" id="h-256m-of-xrp-inflow-sell-off-incoming"><strong>$256M of XRP Inflow, Sell-off Incoming?</strong></h3>   
<p>The on-chain analytics firm <a href="https://www.coinglass.com/currencies/XRP" target="_blank" rel="noreferrer noopener nofollow">Coinglass</a> recently reported that amid the ongoing bull rally, whales and institutions have been consistently dumping millions of dollars worth of XRP onto exchanges. According to Coinglass’s XRP spot inflow/outflow data, exchanges have witnessed a significant inflow of $256.30 million in the past three days.</p>   
<figure class="wp-block-image size-large">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/12/02023031/image-4.png"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/02023031/image-4-1024x281.png" alt="" class="wp-image-387790"></a>
 <figcaption class="wp-element-caption">
  Source: Coinglass
 </figcaption>
</figure>   
<p>This substantial inflow suggests that whales and institutions have transferred their holdings to exchanges. In the cryptocurrency landscape, such inflows typically indicate a potential sell-off and an impending price decline.</p>   
<h3 class="wp-block-heading" id="h-traders-strong-bet-on-long-side"><strong>Traders Strong Bet on Long Side</strong></h3>   
<p>In addition to whale participation, traders appear more optimistic, strongly betting on long positions, as indicated by Coinglass. At press time, the XRP Long/Short ratio on the four-hour timeframe stands at 1.98, indicating a strong bullish sentiment among traders.</p>   
<p>Currently, 66.5% of top traders across exchanges hold long positions, while 33.5% hold short positions. This data indicates that, in the short term, bulls are dominating the altcoin, which could support XRP in continuing its rally toward $3.</p>   
<h2 class="wp-block-heading" id="h-xrp-technical-analysis-and-upcoming-level"><strong>XRP Technical Analysis and Upcoming Level</strong></h2>   
<p>An analysis of these on-chain metrics suggests that bulls are currently in control, potentially supporting <a href="https://coinpedia.org/news/chris-giancarlo-expects-sec-to-drop-ripple-xrp-case-foresees-innovation-and-growth-under-trump/">XRP's</a> price and ongoing rally. However, the activity of whales and institutions, along with the $256.30 million worth of XRP offloaded, signals a potential price correction in the coming days.</p>   
<h3 class="wp-block-heading" id="h-xrp-price-prediction-nbsp"><strong>XRP Price Prediction&nbsp;</strong></h3>   
<p>According to CoinPedia’s technical analysis, XRP has broken through the highly anticipated resistance level of $2. Following this breakout, there is a strong possibility that it could soar to $3.15 in the coming days. However, the price could experience a minor correction or a breakout retest before the rally continues toward the $3 mark.</p>   
<figure class="wp-block-image size-large">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/12/02022956/XRPUSDT_2024-12-02_02-29-15.png"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/02022956/XRPUSDT_2024-12-02_02-29-15-1024x448.png" alt="" class="wp-image-387789"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>   
<p>Currently, XRP is trading near $2.17 and has registered a price gain of over 15% in the past 24 hours. During the same period, its trading volume decreased by 14%, indicating lower participation from traders and investors compared to previous days.</p>

XRP Price Prediction for December 2, 2024, Amid $256M of Inflow

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