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- The chain metrics have revealed that the exchanges of witnesses of the XRP outflow are worth $ 70.50 million.
- XRP could drop by 10% to reach $ 2.55 if it fails to retain a level of $ 2.88.
In the midst of the current bear market feelings, Ripple Labs draws attention to the crypto enthusiasts after the recent lock of ESCrow.
Ripple locks 700 million xrp in Escrow
2. February, blockchain transaction monitoring Kit warning Posted on X (earlier Twitter) that Ripple Labs has moved 700 million XRP Token to Escrow.
This means that these tokens are temporarily locked and cannot be used for trading or any other activity.
This transaction by Fire Laboratory It comes at a time when the entire cryptocurrency market experiences a significant price drop.
The move seems to have been made to prevent a large drop in the price of an XRP in the middle of the bear’s market feelings.
Escrow Locking and Movement Price
Moving the XRP Escrow has its advantages. Historically, it seems that whenever Ripple Labs locks the tokens in Escrow, the price experiences a little relief and gets in importance in the bear market.
On the contrary, when Ripple unlocks the tokens from ESCrow, the token tends to reduce the price.
After this current transaction, XRP traded close to $ 2.90 at the time of the press, with a drop in price of 3.60% in the last 24 hours.
Despite the fall of the price and bear market feelings, traders and investors have shown a strong interest in token, resulting in an increase in asset trading volumes of 65%.
Metrics on the chain
However, some long -term owners and investors seem to have used a recent price drop because they accumulated tokens, according to an analytics company on the Coingglass chain.
Data from the influx of inflows/outflows revealed that the exchanges of witnesses of the outflows of significant XRP are worth $ 70.50 million in the last 48 hours, indicating potential buildup.
This significant outflow further suggested the ideal opportunity to buy.
At the time of the press, the main liquidations were $ 2,791 on the bottom and $ 2,963 on the upper side, and the traders were excessively at those levels.
Source: COINGLAS
If the market mood does not improve and the price drops to a level of $ 2,791, a long position worth almost $ 55.10 million will liquidate.
In contrast, if the feelings are moving and the price rises to a level of $ 2,963, there will be a short position worth almost $ 35 million to liquidate.
Technical analysis and upcoming levels
According to the technical analysis of Ambcrypto, the XRP was at a key support level of $ 2.88, while the momentum seemed to decline.
Source: TraringView
Read the prediction of the XRP price 2025–2026
Based on a recent price action, if XRP fails to retain a level of $ 2.88, there is a great opportunity that it could drop by 10% to reach the next support at $ 2.55.
On the positive side, the XRP is traded above 200 exponential moving average (EMA) on a daily time frame, suggesting that the property is trend.
