The current market for XRP shows signs of a potential correction driven by increasing inflows to exchanges. Notably, despite rising prices, large holders known as whales have started to move their XRP to exchanges for sale.
Increase in Exchange Inflows
According to on-chain analyst PelinayPA, XRP is facing a significant increase in inflows to exchanges, especially from whales sending over 100,000 XRP each. This phenomenon resembles similar events in 2018, 2021, and 2023 when the increase in XRP prices preceded a large wave of inflows, indicating that investors were preparing to lock in profits.
Signals from the Derivatives Market
At this stage, the derivatives market is also sending cautious signals. Data from CoinGlass shows that XRP trading volume has dropped by 3.53%, and open interest has decreased by 4.84%. This may indicate that traders are reducing their exposure either out of caution or while waiting for clearer signals. Meanwhile, the long/short ratio on Binance for the XRP/USDT pair has risen to 3.3764, suggesting that retail traders continue to hope for price increases.
Long-Term Forecasts and Outlook
Despite short-term pressures, there are positive scenarios for XRP. For instance, Standard Chartered predicts that by 2028, XRP's price could reach $12.5. These estimates are based on three main factors: regulatory clarity, potential ETF approvals, and Ripple's expanding role in the global payment system. Analyst Ali Martinez also remains optimistic, believing that XRP will quickly return to $3.70.
The current situation in the XRP market raises concerns due to increased whale activity and signals from the derivatives market; however, long-term forecasts remain positive, potentially creating opportunities for future growth.