"Exchange supply finally bottomed out"...XRP, 30% rally anticipation Rises

▲ XRP

XRP has recorded a massive outflow of approximately 35 million units from exchanges in just one day, signaling a potential surge of over 30% due to supply shortage.

Cryptocurrency specialized media Cointelegraph reported on April 25 (local time) that XRP is showing a typical pattern of the early stages of a bull market, with large outflows from major exchanges. The volume that left exchanges in one day was estimated at approximately 35 million XRP, amounting to about $49 million. As large investors moved a significant amount of assets to personal wallets for long-term holding, the circulating supply in the market sharply decreased.

Market analysts predict that the decrease in circulating supply will be a strong catalyst for price increases. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are also maintaining positive trends. Analysis suggests that if XRP sees an additional 30% increase from its current price level, it could reach around $1.88. This figure aligns with technical breakout patterns observed in past bull markets.

According to data from on-chain data analytics firm Santiment, investor accumulation enthusiasm is growing daily. The inflow of institutional investors, who control large capital, is particularly prominent. Despite the overall volatility in the cryptocurrency market, XRP's downside support level is firmly established around $1.40. Each time the price falls, buying pressure enters, effectively defending against downward pressure.

Improvements in the legal environment surrounding Ripple and the expanding adoption of institutional financial solutions also support the possibility of a rally. New futures features offered by major exchanges such as Coinbase are helping institutional investors manage risk and build large positions. The combination of increased real utility and technical indicators are key factors driving the fundamental increase in asset value.

Currently, even with Bitcoin (BTC), the market leader, consolidating, individual altcoin markets are unfolding in the cryptocurrency market. XRP is garnering significant market attention based on its overwhelming exchange outflows. Investors are focusing on whether key resistance levels will be broken and are preparing for the upcoming volatile market.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*