XRP’s price outlook is back in the spotlight after a fresh wave of whale activity sent more than $372 million worth of tokens across exchanges.
At a time when the asset is attempting to hold the $2 support, the transfers are raising questions about whether XRP is gearing up for a new leg higher or bracing for a pullback.
The movements, all flagged within a three-hour window on November 29, show a mix of inflows and outflows that together create a slightly bullish tilt in near-term market structure.
The largest transfer involved 103,885,151 XRP worth about $229.19 million moving out of Bitget and into an unknown wallet, a shift that typically signals reduced sell pressure.
This was followed by 34,998,900 XRP valued at $77.12 million moving from an unknown wallet to Bitget, suggesting possible near-term selling. A third transfer of 30,000,000 XRP worth $66.11 million also moved to Bitget, adding to potential sell-side liquidity.
In total, the three transactions moved $372.43 million in XRP, but the net flow shows more tokens leaving Bitget than entering. With 103.9 million XRP withdrawn and around 65 million sent in, Bitget saw a net outflow of 38.8 million XRP, a pattern that historically leans slightly bullish by reducing immediate tradable supply.
XRP price prediction
To determine how the asset might be impacted, Finbold turned to OpenAI’s ChatGPT platform, which noted that XRP could see a mild upward adjustment in the short term if broader market conditions remain stable.
The analysis suggested the asset may drift toward the $2.26 to $2.34 range over the next several days as reduced sell pressure supports a slight recovery.
Over the coming weeks, the model sees potential for XRP to retest higher levels around $2.60 to $2.90, assuming continued accumulation and steady market sentiment.
Still, the prediction also noted that downside risks remain if the XRP entering Bitget is ultimately sold into the market. In such a scenario, the price could revisit levels between $2.05 and $1.95.
XRP price analysis
By press time, XRP was trading at $2.21 after gaining 1.5% in the past 24 hours, while on the weekly timeline, the asset has climbed almost 15%.
At the current price, XRP sits just below its 50-day SMA at $2.37 and its 200-day SMA at $2.65, reinforcing a bearish short- to medium-term trend as the price struggles against these overhead resistances.
On the other hand, the 14-day RSI at 46.0 indicates neutral conditions with no strong momentum for an imminent bounce, pointing to sustained downside pressure unless XRP breaks above the 50-day level to signal a shift.
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