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XRP Price Prediction: Can It Reach $3 or $5 Soon?
A sharp $63 million XRP transfer to Binance during last Friday’s broader crypto crash sparked a wave of speculation among traders. While some viewed the transaction as a potential sign of incoming sell pressure, others dismissed it as an isolated event — pointing instead to continued institutional interest and strong buying activity from long-term holders.
Despite the volatility, XRP appears to have weathered the storm with resilience, holding above key technical levels and maintaining high trading volumes. Analysts suggest that momentum could be shifting back in favor of the bulls.
Large-Scale Transfer Raises Eyebrows, But Long-Term Sentiment Remains Intact
Last Friday’s large XRP transfer — equivalent to roughly $63 million — immediately caught the attention of the crypto community. The tokens were moved to Binance, the world’s largest exchange by volume, just as the market entered a steep decline.
While the timing of the transaction prompted fears of a potential dump, analysts say there’s little evidence to support a broader bearish trend.
“Isolated transfers during volatile periods aren’t uncommon. What matters more is the on-chain behavior that follows,” one blockchain analyst noted.
Indeed, XRP’s market activity in the hours following the crash painted a different picture.
Strong Bounce at $2 Signals Confidence Among Buyers
The XRP price rebounded sharply after touching the psychologically significant $2 level. According to data from major crypto analytics platforms, the price climbed 1.6% over the next 24 hours, reaching $2.50.
Volume trends also suggested renewed interest, with XRP’s daily trade volume accounting for approximately 4% of its total circulating market capitalization — a bullish indicator, according to market observers.
Technical analysis supports this sentiment. On the daily chart, XRP successfully bounced off a key ascending trend line. The Relative Strength Index (RSI), a momentum indicator, rebounded from oversold territory, pointing to a potential reversal in short-term sentiment.
Despite these encouraging signs, XRP remains below its 200-day exponential moving average (EMA), which many traders use as a longer-term gauge of trend strength.
ETF Holdings Offer Stability Amid Market Sell-Off
While spot market volatility dominated headlines, XRP-related exchange-traded fund (ETF) products remained largely unaffected. The REX-Osprey XRP ETF (XRPR), one of the few crypto funds offering direct XRP exposure, continues to manage over $90 million in assets — roughly the same amount it held prior to the market dip.
This stability suggests that institutional investors are maintaining their positions, viewing the recent correction as a short-term shakeout rather than a fundamental shift.
“The lack of outflows from XRPR during the dip was notable,” said one ETF analyst. “It indicates strong hands and possibly a wait-and-see approach from institutions.”
Diamond-Handed Holders Accumulate at Lower Prices
On-chain data also suggests that long-term XRP holders used last week’s market decline as an opportunity to accumulate. Wallets associated with “diamond-handed” investors — those who historically hold through volatility — showed increased inflows.
The data lends weight to the theory that the $63 million transfer to Binance was not representative of a widespread sell-off, but rather an outlier amidst otherwise bullish accumulation behavior.
Looking ahead, analysts are watching a few critical price levels for confirmation of a bullish reversal.
A move above $2.70 would represent a breakout from the current consolidation zone and could signal a renewed attempt to reclaim the $3 level. Some technical models suggest that if momentum carries XRP above $3.50, the asset could potentially test the $5 mark before year-end.
Still, much will depend on broader market conditions and whether XRP can sustain its volume and trendline support in the weeks ahead.
