February 12 News, XRP experienced a large on-chain movement in a short period, attracting significant market attention. Over the past two days, approximately 229 million XRP have been transferred between multiple unknown addresses. On February 10, Whale Alert detected 125 million XRP (about $177 million) moved from one unknown wallet to another; the next day, another 104.8 million XRP (about $147 million) was transferred, involving a major address ranked within the top 60. Such a scale of transfer is more indicative of institutional or whale position adjustments rather than retail investor activity.
These funds have not yet flowed into any known platforms, so it is currently unclear whether they represent selling pressure. Some analyses suggest this could be related to cold storage rotation or OTC trading activities, with the ultimate destination remaining a key variable.
On-chain data also shows unusual signs. CryptoQuant pointed out that even though XRP has fallen about 50% from its July high, large orders remain active and are more concentrated at lower prices. The average order size remains high, implying that funds are absorbing chips at lower levels, which is more characteristic of phased accumulation.
From a technical perspective, XRP experienced a bullish MACD crossover in early February and quickly surged about 37%, then entered a flag consolidation zone. On February 11, while the price oscillated within the bull flag pattern, the MACD turned bearish, intensifying short-term bullish-bearish divergence. The key support level is currently around $1.30 to $1.32. If this zone confirms a rebound, there is still potential for approximately 37% upside, targeting near $1.81.
Meanwhile, the RSI has entered oversold territory, indicating selling pressure may be weakening. However, if the price breaks below the support zone, the bullish structure will be invalidated, and the price could retest around $1.10. Volume changes will be an important signal to confirm the subsequent direction.
Against the backdrop of whale fund flows and technical pattern battles, XRP’s short-term volatility is expected to remain high, as the market awaits a clearer directional signal.
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