Ripple’s (XRP) bulls got soaked in red in Monday’s crypto storm, as nearly $20 million in long XRP positions were liquidated in 24 hours. The popular remittance altcoin briefly slipped below $3 before bouncing back above this crucial psychological threshold.
Bybit, Kraken Lose XRP Reserves While Others Top Up
While dancing around the $3 price range as Bitcoin (BTC) retests $114,000, XRP coin has seen some hoarding from crypto whales, who have decided to cash out millions in XRP from major crypto exchanges (CEXs).
To illustrate, Bybit’s official Ripple coin (XRP) reserves flung by 7.83% in 24 hours to 176M XRP & 46.06% since February, 2025. Kraken has been following a similar path with a 69.33% drop in half a year. Coinbase also dropped 74.16% of its February XRP reserves, signaling a shift towards self-custodial crypto wallets for long-term Ripple coin holders.
In contrast, other top exchanges by trading volume recorded inflows in XRP reserves, hinting at a conflicted sentiment surrounding the OG altcoin, as well as huge difference in demand across exchanges. Binance grew their Ripple coin holdings by 252.6% since February, 2025, while Crypto.Com enlarged their XRP stash by 28.4% since the same time.
While Ripple’s (XRP) price recently clinched a new all-time high of $3.65, the pullback has been significant. Sliding below the mid-tier Bollinger Band (BOLL) of $3.16, XRP’s price is just 5 cents above the lowest tier BOLL envelope, depicted in green color in the chart below.
Closing the day below this range could induce further sell pressure from both retail holders & institutional investors. If XRP bulls push the OG altcoin’s price above $3.07, bulls could regain the steering wheel, but a lot will depend on the macroeconomic conditions after Donald Trump & Volodymyr Zelensky’s meeting in Washington, DC.
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XRP’s price hovering around $3 indicates it’s struggling to stay above this key support level. It reflects market uncertainty, where a drop below $3 could trigger further selling, while holding above could signal stability.
Exchange reserves are shrinking because investors are moving XRP to private wallets, likely for long-term holding or staking. This reduces available supply on exchanges, which can signal bullish sentiment or preparation for market shifts.
Lower exchange reserves can drive XRP’s price up by reducing selling pressure and available supply. However, if demand doesn’t match, volatility could push the price below $3, especially amid broader crypto market swings.
XRP’s volatility stems from market sentiment, regulatory news (like Ripple’s SEC case), macroeconomic trends, and Bitcoin’s performance. The reserve plunge adds uncertainty, as it could reflect either accumulation or fear of a crash.
Stay informed through trusted crypto news platforms. Ciphera is a reliable source for altcoin news, providing clear updates on XRP’s price movements, exchange reserves, and market trends.
