XRP Eyes Further Gains as Cardano Whales Sell $50M and BTC Shows Bearish Signals
Ripple’s XRP has rallied to about $1.40 after the Feb. 6 crash and analysts are largely bullish, citing potential legislative catalysts (the Clarity Act) and technical signs such as reduced Binance reserves. Several analysts flagged $1.3820 as a key support level and suggested institutional demand could accelerate once regulatory clarity arrives. Cardano’s ADA also rose ~3% on the week but large holders dumped nearly 200 million ADA (≈$50 million) over seven days, increasing circulating supply and raising short-term downside risk despite some analysts pointing to a historical demand zone near $0.26 as a potential bounce area. Bitcoin fell to roughly $60,000 last week (lowest since Oct 2024) and trades near $67,000; market watchers flagged an 8,200 BTC deposit to Binance by an anonymous whale that preceded price weakness, and Lookonchain and Alphractal metrics (including a negative long-term Realized Cap Impulse) suggest a higher chance of renewed downside or extended correction. Key data points: XRP ~ $1.40, ADA sell-off ~200M tokens (~$50M), BTC low ~ $60k and current ~ $67k, 8,200 BTC whale deposit. Primary implications for traders: monitor XRP support $1.3820 and institutional/regulatory developments for breakout risk; watch ADA whale activity and on‑chain supply for further selling pressure or a bounce around $0.26; for BTC, track large exchange inflows and realized-cap metrics as potential early warning of further declines.
Bearish
The net news mix leans bearish. Although XRP has bullish narratives tied to possible regulatory clarity and declining exchange reserves, those are conditional catalysts rather than immediate buy signals; XRP must hold key support (~$1.3820) to avoid short-term pullbacks. Cardano faces clear selling pressure: whales dumped ~200M ADA (~$50M) in a week, increasing float and raising near-term downside risk unless buyers absorb the supply or price reaches the historical demand zone (~$0.26). Bitcoin presents the strongest near-term risk: an 8,200 BTC transfer to Binance preceded a sharp dip, and Alphractal’s long-term Realized Cap Impulse turning negative historically coincides with major corrections or prolonged bears. For traders this implies elevated downside risk across major assets — watch exchange inflows, whale transactions, realized-cap and support levels. Short-term trades should prioritize risk management (tight stops, reduced leverage) and watch for confirmations (sustained on-chain outflows for BTC, renewed accumulation on Binance for ADA/XRP) before adding directional exposure. Historically, large exchange deposits and negative realized-cap impulses have often foreshadowed multi-week corrections, supporting a cautious/bearish stance until metrics improve.