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XRP, the original Token Ripple Labs, attracts huge attention to the crypto enthusiast and is ready for significant growth after the formation of bull prices action. In addition to this bull’s appearance, today, February 8, 2025, a distinguished crypto expert published on X (earlier Twitter) that the XRP seems ready to recover.
Buy a signal xrp token
The post on X also noted that a technical indicator called TD sequential flashing signal for token. However, this notable prediction comes after a continuous drop in the price of 25% that XRP has experienced in the last few days.
18 million dollars outflow
In addition to all this, traders and investors showed a strong interest in Token, as reported by an analytics company on the chain Coingling. The data from the video inflow/outflow revealed that the exchanges were witnessing the outflows of significant XRP tokens in the amount of $ 18 million, indicating a potential accumulation of whales and long -term owners.
Such an outflow of exchanges hints at the potential possibilities of buying and suggests that investors and long -term owners exploit current opinions in the market, continuing to accumulate XRP.
32.10 million dollars of a short -sided bet
In addition to the long-term perspective of investors, traders are betting on the bear side within the day, believing that the price of the XRP will not experience the momentum. According to COINGLAS, merchants are excessively removed to $ 2,346 on the underside and long positions of $ 20.80 million. In contrast, traders performing short positions are excessively in the amount of $ 2,442, with $ 32.10 million in short positions.
These excessive positions on short and long sides are hinted at the key levels of support and resistance and can be liquidated if the price moves in any direction.
Current momentum of prices
XRP is currently traded close to $ 2.42 and in the last 24 hours has experienced a modest price increase of over 0.15%. During the same period, its trading volume decreased by 3.5%, indicating lower participation of merchants and investors compared to the previous day.
