XRP Price Prediction April 9, 2025: 200 Million Ripple Whale Deal Catches Attention!

Jakarta, Pintu News – The crypto market was recently abuzz with a large transaction by one of Ripple’s whales, who moved 200 million XRP to Binance. The value of this transaction amounted to approximately $355.6 million, sparking speculation about its impact on the future price of XRP.

Check out the full news below!

Ripple (XRP) Whale Transactions Grab Attention

A major transaction by a Ripple (XRP) whale has attracted widespread attention in the crypto market. Whale Alert reported that 200 million XRP, worth approximately $355,576,574, was moved to Binance.

Large transactions like these are often considered indicators of upcoming trading activity that could influence price behavior. On the other hand, there is optimism that comes with NYSE Arca’s approval for the listing and registration of the XRP Daily Long 2X ETF by Teucrium.

This transaction comes amid concerns about possible price volatility. The price of XRP dropping to around $1.61 has sparked fears of a further decline. This shows how sensitive the market is to large moves by large XRP holders.

Read also: Down 5.24%, What is the Price of 1 DOGE Today (9/4/25)?

Potential XRP Price Drop

According to analysis from Casi Trades, the $1.90 support level for Ripple (XRP) has been broken and is now turning into a resistance point. “This drop creates a new extreme on the RSI,” they said, referring to the market price drop that brought XRP to $1.61.

Casi also highlighted the next support at $1.55, which aligns with the 0.618 Fibonacci retracement level. This area is so crucial that many traders set a warning here. If the price of XRP bottoms near $1.55, this could strengthen the bullish case for a big target in April—$8 to $13 is still open.

Also read: Hedera (HBAR) Shakes Up $90 Billion Whiskey Market with NFT Tokenization!

Technical Analysis and Historical Market Cycles

Technical analysts continue to monitor the Elliott Wave structure, suggesting that the price of Ripple (XRP) may be completing Wave 2 of a larger trend. This theory proposes that a strong Wave 3 could begin soon, which usually represents a strong upward movement.

Local resistance levels to watch are $1.97 and $2.17. If it manages to cross these points, it could move towards higher targets such as $2.72 and possibly reach the previous record high of $3.70. However, failure to hold above $1.61 could shift the focus to a deeper correction.

Egrag Crypto shares a long-term view, drawing lessons from previous market cycles. They compared XRP’s current price movements to patterns from 2017 and 2021. “In 2017, XRP fell 73%, then rose 2700%.

In 2021, it fell 78% and rose 1000%,” says Egrag. The bullish trend still prevails as long as the 50 MA does not cross below the 200 MA. Egrag emphasizes that the short-term price drop is part of a larger pattern.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Ripple Whale Moves $355 Million to Binance, XRP Price to Dip Further. Accessed on April 9, 2025
• Featured Image: U Today