92.6 million XRP entered Coinbase; Is Ripple on the verge of volatility?

study time: < 1 minutes

The Ripple (XRP) market has been under intense volatility pressure, and whales’ entry of 92.6 million XRP tokens into the Coinbase exchange has raised concerns about price stability.

Such a large move usually indicates whales are ready to strategically move, hedge, or reduce investment risk during volatile market conditions.

However, the 9% decrease in exchange reserves shows that some investors are accumulating instead of selling; This trend can reduce the intensity of short-term fluctuations and create potential support points.

1 billion Baby Dodge for free!

Register now in Erzplus and get 1 billion baby dogs as a gift. No lottery, limited opportunity!

Receive a gift

Additionally, the data shows that buyers are actively absorbing supply and tend to buy during periods of market fear.

In the meantime, the ratio of network value to the volume of transactions (NVT) has increased by more than 11%, which can create the risk of local correction.

The 13% reduction in the open profit of futures contracts also shows that traders reduce their risk in such conditions and less volatility occurs.

All in all, Ripple is at a critical point and the future price path depends on how it absorbs the sudden supply in volatile conditions.