Today, on February 14, 2025, the on-chain analytics firm Coinglass revealed that exchanges have seen an inflow of a significant $34 million worth of XRP in the past 24 hours.

In the cryptocurrency market, inflow refers to the transfer of assets from long-term holders’ wallets to exchanges, which hints at a potential dump. Such inflows onto exchanges have the potential to cause selling pressure and lead to further price drops.

However, this bearish move by investors and long-term holders comes after XRP price soared by 11% in the past 24 hours, and these holders might have seen this as an ideal level for profit booking.

Currently, XRP is trading near $2.70, and at the same time, due to the impressive upside momentum, its trading volume has jumped by 50%, indicating rising investor and trader participation in the past 24 hours.

Despite bearish activity from investors and long-term holders, intraday traders are betting on the bullish side. Data revealed that intraday traders are currently over-leveraged at $2.497 on the lower side and $2.80 on the upper side.

At these levels, both buyers and sellers have built $143 million worth of long positions and $55 million worth of short positions. These over-leveraged positions hint that bulls are currently dominating the asset.

Source: COINPEDIA