Data on the chain show a significant elimination of x -ray whales against the backdrop of a sharp drop in the price in the token over the past 24 hours.
The XRP today has decreased by more than 33%, falling to a minimum of $ 1.95. Token grew to $ 3.13 only a few days ago. At the time of writing, the XRP is traded at 2.39 dollars, which notes a slight recovery after the fall.
Meanwhile, analysts associated a decline in the market factors, including the latest developments with participation US President Donald Trump. At the same time, immersion coincided with whales that massively reduce their X -rays.
XRP -kits drop 130 -meter tokens
Data from Santiment indicate that large XRP holders, or whales, unloaded significant amounts of token during this period. Visual total Ali Martinez tracks the activity of whales that own 10 million up to 100 million XRP.
When their assets fell sharply, XRP survived a sharp decrease in prices. For 24 hours, the whales together sold 130 million XRP, which implies a potential strategy for a defect or entering output positions in the conditions of market uncertainty.
Over the past 24 hours, whales have unloaded more than 130 million dollars $ XRP! pic.twitter.com/s43x7rviba
– Ali (@ali_Charts) February 2, 2025
Limited bull interest
Noteworthy analysis From Coinglass shows that the traders in the derivatives market did not show strong interest in pushing the price of XRP.
Today, XRP Open interest (OI) fell by 36.01% to $ 3.81 billion, showing that many traders closed their positions, and did not open new ones. The trading activities of the options also reflected cautious moods, while the volume of options decreased by 21.50%, while the options of open interest increased by 7.91%.
These indicators suggest a wave of liquidation and closing of the situation, probably related to the sale of the whale and the recent drop in prices.
Data emphasize XRP market stress
Elimination data additionally emphasize the volatility in XRP marketThe field over the past 24 hours, the total liquidation in the XRP from speculators reached $ 123.23 million. USA. It is noteworthy that these rates on XRP UP, on long positions, made up the largest share of $ 98.61 million. USA.
During the 12-hour period, long liquidation amounted to 71.64 million dollars. The USA, which significantly outweighs short liquidation. The shorter time frames also saw significant liquidations, which indicates that rethought traders are faced with large losses.
