$500M in XRP moved! – How whales could drive its next rally
The post $500M in XRP moved! – How whales could drive its next rally appeared on BitcoinEthereumNews.com. Key Takeaways XRP’s Open Interest climbed to $2.92 billion as whales shifted $500 million off-exchange. The Coinbase-led volume spike contrasts with silent accumulation, while Binance’s 64% long bias signals retail confidence chasing a potentially whale-driven setup. Ripple [XRP] recorded a sharp surge in activity, climbing to the #2 spot on Coinbase with $413 million in 24-hour trading volume. In parallel, over 167 million XRP—worth nearly $500 million—was transferred between unknown wallets, pointing to strategic movements from whales. While retail traders chased exchange momentum, whale activity shifted off-exchange. This divergence suggests either long-term accumulation or preparation for private transactions. Naturally, this disconnect between public hype and whale silence adds uncertainty to XRP’s short-term direction. Is XRP speculation rising behind the scenes? Open Interest for XRP increased by over 11%, pushing the total to $2.921 billion. This uptick reflects a clear rise in leveraged positions on both sides of the market. However, it doesn’t reveal directional bias on its own. Still, the surge suggested participants expect significant price movement, likely driven by volatility and market narratives. When paired with the recent whale activity, the growing Open Interest may indicate speculative traders are trying to front-run larger players. Source: CryptoQuant Did shorts get caught off guard by sudden upside volatility? XRP short liquidations reached $8.13 million, significantly higher than long liquidations at $3.74 million. The wipeouts occurred across Bybit, OKX, and Binance, showing that bearish traders were forced to close positions. This short-side flush coincided with XRP’s surge on Coinbase, pointing to possible coordinated buys or momentum-driven rallies. Events like these often accelerate price moves through forced buys, supporting the idea that bullish pressure may still be active. Source: CoinGlass Does THIS confirm continued bullish confidence? On the 14th of July, 64.34% of Binance accounts were holding long positions in XRP. This produced…
The post $500M in XRP moved! – How whales could drive its next rally appeared on BitcoinEthereumNews.com.
Key Takeaways XRP’s Open Interest climbed to $2.92 billion as whales shifted $500 million off-exchange. The Coinbase-led volume spike contrasts with silent accumulation, while Binance’s 64% long bias signals retail confidence chasing a potentially whale-driven setup. Ripple [XRP] recorded a sharp surge in activity, climbing to the #2 spot on Coinbase with $413 million in 24-hour trading volume. In parallel, over 167 million XRP—worth nearly $500 million—was transferred between unknown wallets, pointing to strategic movements from whales. While retail traders chased exchange momentum, whale activity shifted off-exchange. This divergence suggests either long-term accumulation or preparation for private transactions. Naturally, this disconnect between public hype and whale silence adds uncertainty to XRP’s short-term direction. Is XRP speculation rising behind the scenes? Open Interest for XRP increased by over 11%, pushing the total to $2.921 billion. This uptick reflects a clear rise in leveraged positions on both sides of the market. However, it doesn’t reveal directional bias on its own. Still, the surge suggested participants expect significant price movement, likely driven by volatility and market narratives. When paired with the recent whale activity, the growing Open Interest may indicate speculative traders are trying to front-run larger players. Source: CryptoQuant Did shorts get caught off guard by sudden upside volatility? XRP short liquidations reached $8.13 million, significantly higher than long liquidations at $3.74 million. The wipeouts occurred across Bybit, OKX, and Binance, showing that bearish traders were forced to close positions. This short-side flush coincided with XRP’s surge on Coinbase, pointing to possible coordinated buys or momentum-driven rallies. Events like these often accelerate price moves through forced buys, supporting the idea that bullish pressure may still be active. Source: CoinGlass Does THIS confirm continued bullish confidence? On the 14th of July, 64.34% of Binance accounts were holding long positions in XRP. This produced…
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