On January 24, 2025, data from the on-chain analytics firm Coinglass revealed that long-term holders and investors have withdrawn a significant $38.51 million worth of XRP from exchanges in the past 24 hours.
This substantial outflow from exchanges indicates potential accumulation by long-term holders, which could create buying pressure and drive further upward momentum. However, the transaction occurred during a period when XRP’s price struggled to gain traction.
Apart from this, another factor gathering attention is the dumps made by these whales. Spot inflow/outflow metrics revealed that before the token was withdrawn from exchanges, investors and long-term holders had dumped a significant $35.4 million worth of XRP, suggesting that sentiment is now recovering.
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