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COINTURK NEWS > Ripple (XRP) > Market Trends Reveal Ripple’s XRP Faces Growing Pressure
Ripple (XRP)

Market Trends Reveal Ripple’s XRP Faces Growing Pressure

In Brief

  • XRP shows signs of increased selling pressure due to exchange inflows.

  • Negative funding rates reflect investor expectations of further price declines.

  • Monitoring support levels is essential for assessing potential downturns.

Fatih Uçar
Fatih Uçar 3 months ago
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Ripple $2’s altcoin, XRP, is drawing attention in the crypto market due to sharp price movements. As of February 10, 2025, XRP traded at $2.39, fluctuating between $2.32 and $2.50 throughout the day. The recent spike in spot influxes to exchanges, combined with negative market sentiment, has placed pressure on XRP’s price. Experts caution that investors should remain vigilant in this volatile environment.

Contents
What Do Increased Inflows to Exchanges Indicate?XRP Price Analysis: Bearish Signals IntensifyWhat Should Investors Do?

What Do Increased Inflows to Exchanges Indicate?

On February 6, 2025, over $15 million worth of XRP was transferred to centralized exchanges such as Bybit and Kraken. These transfers suggest that investors are moving their assets to exchanges for selling purposes. This could lead to increased selling pressure on the price of XRP in the short term.

High-volume transfers of XRP to exchanges are generally interpreted as signs of preparing for sales. Investors should monitor these inflows closely. If the spot influx continues to rise without balancing demand, there is a risk that XRP could lose critical support levels, particularly if it falls below $2.30, which may trigger deeper sell-offs.

XRP Price Analysis: Bearish Signals Intensify

XRP’s futures market shows negative funding rates that support bearish expectations. As of February 6, the 8-hour funding rate was measured at -0.0065, indicating a prevailing short position among investors, who expect the altcoin to lose value. Unlike major cryptocurrencies like Bitcoin $107,997 and Ethereum $2,534, which exhibit more stable funding rates, XRP’s negative funding suggests stronger bearish sentiment among investors.

Technical indicators further substantiate this outlook. XRP is trading below its 10-day and 21-day exponential moving averages (EMA), suggesting that the downtrend may persist. Support levels are identified at $2.30 and then $2.20, while resistance levels are at $2.50 and $2.70.

What Should Investors Do?

XRP’s price movements continue to be influenced by developments in Bitcoin and the overall crypto market. Regulatory uncertainties and cautious investor approaches toward the altcoin may further heighten volatility. Although there is potential for a short-term recovery, losing the $2.30 mark could lead to a more significant downturn.

It is crucial for investors to prioritize risk management while seeking opportunities in adverse market conditions. Key indicators for a possible recovery include a reversal of negative funding rates to positive and a decrease in spot inflows to exchanges.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 10 February, 2025 - 12:35 pm 10 February, 2025 - 12:35 pm
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