- Crypto whales have sold nearly 370 million XRP tokens since the beginning of the month.
- On-chain metrics reveal that 66.61% of top traders on Binance are holding long positions.
Can owning 1,000 Ripple [XRP] secure financial freedom by 2029?
That’s the bold claim made by a crypto expert on X (formerly Twitter). In a post, the expert stated,
“1,000 XRP is enough for a joyful and free life.”
At the current price of $2.07, that’s worth $2,070—yet would need to hit $1,000 per token (a 45,900% surge) to become $1 million. The claim is highly speculative, with no clear path to such valuation.
Naturally, the claim stirred buzz but didn’t move the needle. Market leaders paid little attention, and Ripple’s price remained unaffected.
Whales sell off 370 million XRP tokens
Whales and institutions have sold nearly 370 million XRP tokens since the beginning of April 2025, as reported by a crypto expert Ali Martinez, on X (formerly Twitter).
This significant sell-off is driving selling pressure while raising concerns about XRP’s price trajectory. Will the downtrend continue, or is a rebound possible?
Market sentiment remains unstable, creating obstacles for Ripple (XRP) to gain momentum. As expected, price action was volatile. XRP dropped 4.85% in the past 24 hours and was hovering around $2.05 at press time.
However, trading volume surged 7% during the same period, signaling heightened market activity despite the price decline.
XRP technical analysis and key levels
According to AMBCrypto’s technical analysis, XRP’s price has been hovering within a descending channel pattern since the beginning of 2025, forming lower highs and lower lows.
Following the recent upside rally, XRP reached a lower high, but now appears to be heading toward a lower low.
Source: TradingView
If market sentiment remains unchanged and selling pressure persists, XRP could face further declines.
The daily chart suggests that continued downward momentum may lead to a break below the $1.95 support level. If this happens, the price could drop 20%, reaching $1.65, the lower boundary of the channel pattern.
However, if sentiment shifts and XRP surpasses the $2.25 resistance with a daily candle close, bulls could regain control. A breakout could drive the price up 26% to $2.82.
Despite the volatility, XRP remains above the 200-day EMA, signaling that its long-term uptrend is still intact. Interestingly, on-chain data presents a different perspective, suggesting strong bullish sentiment in the market.
Bullish on-chain metrics
When examining the on-chain metrics from the on-chain analytics firm Coinglass, it appears that both traders and long-term holders are strongly betting on the bullish side.
At press time, the Binance XRP Long/Short Ratio stood at 2, indicating strong bullish sentiment among traders. This ratio shows that for every two long positions, traders have taken one short position.
Data further reveals that 66.61% of top traders on Binance hold long positions, while 33.39% hold short positions.
Source: Coinglass
$32.40 million worth of XRP outflow
Adding to the intrigue, XRP has seen $32.40 million worth of exchange outflows in just 48 hours.
Source: Coinglass
The significant outflow from exchanges suggests that accumulation could drive buying pressure and fuel an upward rally.
When analyzing both on-chain metrics and technical indicators, bulls appear to be defending the current level. However, there is a strong chance that XRP will hold its support and remain above $2 in the coming days.