XRP Price Prediction: $63 Million Mega Transfer Draws Attention! Smart Money Continues to Buy the Dip, Bullish $5 Expectation Remains Unchanged

During the big dump in the market last Friday, a massive transfer of 63 million USD in XRP to a mainstream CEX attracted the market's attention. However, analysts still support a bullish price prediction for XRP, believing that “smart money” continues to Buy the Dips. Data shows that buyers actively engaged around 2 USD, demonstrating strong confidence. XRP rose 1.6% to 2.50 USD in the past 24 hours, with volume maintaining at 4% of the total circulating market capitalization, indicating that momentum may be shifting back to long positions. The stability of ETF asset values further supports the view that market confidence has not been shaken by a single large transfer.

Market Fluctuations and Whale Movements: Large Transfers Do Not Indicate a Shift in Sentiment

Despite the large amount of XRP being transferred to exchanges, the market sentiment for XRP remains positive, and the stability of ETF funds provides confidence support.

· 63 million USD XRP flows to mainstream CEX

During the market crash last Friday, a transfer of $63 million worth of XRP was moved to mainstream CEX, drawing the market's follow. Such a large transfer is often interpreted as a potential signal of short-term selling pressure.

· The value of ETF assets remains stable

However, it is worth noting that even during periods of market downturn, ETF assets remain stable. The recently launched REX-Osprey XRP ETF (XRPR) still manages over 90 million USD in XRP, which is roughly the same as last week. This indicates that institutional investors have not been shaken by the sell-off.

· “smart money” Buy the Dips

Analysts believe that “diamond hands” holders of XRP took advantage of last week's fall to buy the tokens at a lower price. This suggests that a single large transfer does not necessarily represent a shift in overall market sentiment, but rather short-term profit-taking or risk management behavior.

Technical Analysis: Trendline support rebounds, targeting straight to 5 dollars

XRP price successfully rebounded near the key support level, laying the technical foundation for the subsequent bullish trend.

· Successfully rebounded from the trend line

The daily chart shows that XRP successfully rebounded from the key trendline support level when it reached the $2 level.

· RSI has exited the oversold zone

As the price rebounds to $2.5, the Relative Strength Index (RSI) has also jumped out of the oversold levels. However, the token is currently still trading below the 200-day Exponential Moving Average (EMA).

· Key Breakthrough Point

Confirmation of Breakthrough: Looking ahead, if it successfully breaks through 2.70 USD, it will confirm that XRP is moving towards the 3 USD level.

Accelerated Pump: If positive momentum accelerates and breaks through $3.5, XRP is expected to reach a target of over $5 by the end of the year.

· Ripple is committed to ecosystem growth.

In a regulatory environment favorable to it, Ripple has been focusing on developing its ecosystem, which provides strong support for the long-term fundamentals of XRP.

Conclusion

Despite concerns over a short-term sell-off triggered by a large XRP transfer to mainstream CEX, buyers' active engagement around the $2 support level and the stability of ETF assets indicate that overall market confidence remains unshaken, with the sentiment of “Buy the Dips” prevailing. Technically, XRP successfully rebounded at a key trendline support level, and if it can effectively break through the key resistances of $2.70 and $3.5, the bullish expectation of reaching above $5 by the end of the year will be confirmed. Against the backdrop of Ripple's continued development of its ecosystem, XRP's long-term potential is still worth noting.

This article is news information and does not constitute any investment advice. The crypto market is highly volatile, and investors should make decisions cautiously.