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<p>Crypto whales seem to be returning to the market with the aim of accumulating as much as possible as the market experiences a free fall. Recently, the on-chain analytics firm Coinglass revealed that whales and long-term holders have shown strong interest and confidence in <a href="https://coinpedia.org/news/time-to-sell-xrp-whales-transfer-70-million-tokens-to-exchanges/" rel="noopener noreferrer nofollow">XRP</a>, Ripple Labs' native token.</p><h2 class="wp-block-heading" id="h-155-million-worth-xrp-outflow"><strong>$155 Million Worth XRP Outflow</strong></h2><p><a href="https://www.coinglass.com/currencies/XRP" rel="noopener noreferrer nofollow">Data </a>revealed that exchanges have witnessed a significant outflow of $155 million worth of XRP tokens. This substantial outflow is a clear sign of accumulation and suggests a potential buying opportunity.</p><figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2025/02/03010742/image-29-1024x290.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2025/02/03010742/image-29-1024x290.png" alt="" class="wp-image-414163"></a><figcaption class="wp-element-caption"> Source: Coinglass </figcaption></figure><p>This potential accumulation was witnessed by an on-chain analytics firm as the altcoin experienced a price drop of over 16% in the past 24 hours. With this significant decline, XRP is currently trading near the $2.50 level and has attracted impressive participation from traders and investors, resulting in a 210% surge in its trading volume.</p><h2 class="wp-block-heading" id="h-traders-heavily-shorting-xrp"><strong>Traders heavily shorting XRP</strong></h2><p>However, intraday traders seem to be taking advantage of the current market sentiment as they are strongly shorting XRP tokens.</p><p>At press time, traders are significantly over-leveraged at the $2.50 level, where bulls hold $14 million worth of long positions, believing XRP won’t fall below this level. Meanwhile, short sellers are over-leveraged at the $2.85 level, holding $111 million worth of short positions.</p><figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2025/02/03010706/image-28.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2025/02/03010706/image-28-1024x426.png" alt="" class="wp-image-414162"></a><figcaption class="wp-element-caption"> Source: Coinglass </figcaption></figure><p>This data indicates that short sellers are currently dominating the asset and could easily liquidate $14 million worth of long positions.</p><h2 class="wp-block-heading" id="h-xrp-technical-analysis-and-upcoming-nbsp"><strong>XRP Technical Analysis and Upcoming&nbsp;</strong></h2><p>According to expert technical analysis, XRP has breached its crucial support level and appears likely to continue its price decline.</p><figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2025/02/03010606/XRPUSDT_2025-02-03_01-05-54.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2025/02/03010606/XRPUSDT_2025-02-03_01-05-54-1024x448.png" alt="" class="wp-image-414161"></a><figcaption class="wp-element-caption"> Source: Trading View </figcaption></figure><p>Based on recent price action and historical momentum, if XRP fails to hold the $2.55 level, there is a strong possibility it could drop by 25% to reach the $1.90 level in the coming days.</p>

Will XRP Crash to $1.90? $111 Million Shorts Dominate

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