This XRP price prediction highlights a significant exchange withdrawal that may indicate increasing accumulation and a potential bullish turnaround.
XRP’s price has dropped 8.2% to $2.14 amid a wider market cooldown after last month’s rally.
However, new signs of accumulation are appearing. An XRP community member on X recently reported a significant exchange withdrawal.
It seems the Turkish crypto exchange Paribu removed 44.1 million XRP tokens—valued at nearly $100 million—from circulation by transferring them to an external wallet.
Such a move reduces short-term token liquidity and often signals a bullish outlook for XRP’s price.
The market generally views whales transferring XRP off exchanges as a positive sign, indicating that large investors are preparing for a potential rally.
This transfer happened shortly after the CME Group introduced two futures contracts tied to XRP.
Additionally, the market is anticipating the SEC’s approval of several XRP exchange-traded fund (ETF) applications.
If these ETFs are approved, they could bring substantial liquidity into the cryptocurrency, further supporting a bullish XRP price forecast.
XRP Price Prediction: XRP Finds Support at 200-day EMA – Is the Pullback Over?
XRP broke its trend line support a few weeks ago and has been declining since. The price action also reveals a ‘death cross’ on the daily chart, formed when the 9-day exponential moving average (EMA) crossed below the 21-day EMA.
The last time this occurred, XRP experienced an 18% decline. If a similar drop happens now, a bearish XRP price forecast would target around $1.90 in the near term.
Currently, XRP has found support at its 200-day EMA and has bounced off this crucial level in recent days.
The Relative Strength Index (RSI) has been trending downward for several days, reinforcing a bearish outlook. However, this still appears to be a typical pullback within an ongoing bull market.
If that holds true, XRP could soon rebound as late buyers seize the opportunity to accumulate during the dip.
XRP Price Prediction
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