- The cryptocurrency have sold nearly 370 million XRP tokens since the beginning of the month.
- Channel metrics reveal that 66.61% of the best traders in Binance occupy long positions.
Can the possession of 1,000 wave (XRP) secure financial freedom by 2029?
It is the daring complaint made by an Crypto expert on X (formerly Twitter). In an article, the expert said,
“1,000 XRP is enough for a joyful and free life.”
At the current price of $ 2.07, this is worth $ 2,070, which should reach $ 1,000 per token (a overvoltage of 45,900%) to become $ 1 million. The complaint is very speculative, without clear track towards such an assessment.
Naturally, the claim aroused buzz but has not moved the needle. Market leaders have been careful and Ripple’s price is not affected.
The whales sell 370 million XRP tokens
Whales and institutions have sold nearly 370 million XRP tokens since early April 2025, as reported by an expert in crypto Ali Martinez, on X (formerly Twitter).
This large sale stimulates sales pressure while arousing concerns about the XRP prices trajectory. Will the downward trend continue or is a rebound possible?
The feeling of the market remains unstable, creating obstacles for Ripple (XRP) to take momentum. As expected, the price action was volatile. XRP fell 4.85% in the past 24 hours and oscillated about $ 2.05 at the time of the press.
However, the volume of negotiation jumped 7% during the same period, reporting an increased market activity despite the drop in prices.
XRP technical analysis and key levels
According to Ambcrypto’s technical analysis, the price of XRP oscillates in a descending channel model since the beginning of 2025, forming lower ups and lower stockings.
After the recent upward rally, XRP has reached a lower summit, but now seems to go towards a lower hollow.
Source: tradingView
If the feeling of the market remains unchanged and the sale pressure persists, XRP could face new drops.
The daily graphic suggests that pursuing the momentum can lead to a break below the level of support of $ 1.95. If this happens, the price could drop by 20%, reaching $ 1.65, the lower limit of the channel model.
However, if the feeling changes and XRP exceeds the resistance of $ 2.25 with a daily closure, the bulls could regain control. A break could increase the price by 26% to $ 2.82.
Despite volatility, XRP remains above the 200-day EMA, indicating that its long-term trend is still intact. Interestingly, chain data presents a different perspective, suggesting a strong bullish feeling on the market.
Chanting uptime metrics
When examining the chain measures of the Coinglass chain analysis company, it seems that long -term traders and holders are betting strongly on the bullish side.
At the time of the press, the Binance XRP Long / Court ratio was 2, indicating a strong bullish feeling among the traders. This ratio shows that for two long positions, the traders took a short position.
The data also reveals that 66.61% of the best traders in binance hold long positions, while 33.39% hold short positions.
Source: Coringlass
$ 32.40 million in XRP outputs
Adding to the plot, XRP saw $ 32.40 million in exchange outings in just 48 hours.
Source: Coringlass
The significant flow of exchanges suggests that accumulation could cause purchase pressure and feed an increase rally.
During the analysis of chain metrics and technical indicators, the bulls seem to defend the current level. However, there is a good chance that XRP will have its support and will remain above $ 2 in the coming days.
