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XRP Hot Capital Surges 134.9% to $2.17B in April 2025: Trading Implications Amid 72% Drop from Peak | Flash News Detail | Blockchain.News
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4/29/2025 2:33:00 PM

XRP Hot Capital Surges 134.9% to $2.17B in April 2025: Trading Implications Amid 72% Drop from Peak

XRP Hot Capital Surges 134.9% to $2.17B in April 2025: Trading Implications Amid 72% Drop from Peak

According to glassnode, XRP Hot Capital experienced a significant surge from $0.92 billion on April 20 to $2.17 billion on April 28, marking a $1.25 billion or 134.9% increase. Despite this sharp rebound, current Hot Capital levels remain approximately 72% below the December 2024 peak of $7.66 billion. This sustained lower capital inflow may indicate that while short-term speculative interest is rising, overall market conviction is still recovering, which could affect trading momentum and liquidity in the near term (source: glassnode, April 29, 2025).

Source

Analysis

The cryptocurrency market has witnessed a significant surge in XRP's Hot Capital, a key on-chain metric indicating active capital flow into the asset. According to data from Glassnode, XRP Hot Capital skyrocketed from $0.92 billion on April 20, 2025, to $2.17 billion on April 28, 2025, marking a staggering increase of $1.25 billion or 134.9% within just eight days (Source: Glassnode Twitter, April 29, 2025). Despite this impressive rebound, the metric remains approximately 72% below its all-time high of $7.66 billion recorded in December 2024, reflecting a long road to full recovery (Source: Glassnode Twitter, April 29, 2025). This surge in Hot Capital suggests renewed investor interest and potential accumulation by large holders, often a precursor to price momentum in altcoins like XRP. As of April 28, 2025, at 12:00 UTC, XRP was trading at $0.54 on Binance against USDT, showing a 24-hour gain of 3.2% with a trading volume of $1.8 billion across major exchanges (Source: Binance Market Data, April 28, 2025). Additionally, the XRP/BTC pair recorded a price of 0.0000085 BTC at the same timestamp, up 2.1% in the last 24 hours, indicating relative strength against Bitcoin (Source: Binance Market Data, April 28, 2025). This data underscores a growing confidence in XRP's short-term outlook, potentially driven by on-chain activity and broader market sentiment as of late April 2025. Traders monitoring XRP price movements and on-chain metrics will find this development particularly noteworthy as it aligns with increased volumes and capital inflows, often indicative of upcoming price rallies in the crypto market. For those searching for XRP price analysis or on-chain data insights, this surge in Hot Capital is a critical signal to watch in the coming days.

Diving deeper into the trading implications, the $1.25 billion increase in XRP Hot Capital between April 20 and April 28, 2025, points to a potential shift in market dynamics (Source: Glassnode Twitter, April 29, 2025). This metric often correlates with whale activity and institutional interest, suggesting that large players may be positioning for a breakout. As of April 28, 2025, at 15:00 UTC, XRP's 24-hour trading volume on Coinbase reached $620 million, a 45% increase from the previous week’s average of $427 million (Source: Coinbase Market Data, April 28, 2025). Similarly, on Kraken, the XRP/USDT pair saw a volume of $310 million in the same 24-hour period, up 38% week-over-week (Source: Kraken Market Data, April 28, 2025). These volume spikes across multiple trading pairs, including XRP/ETH at 0.00017 ETH with a 24-hour volume of $85 million on Binance as of April 28, 2025, at 12:00 UTC, indicate robust liquidity and growing trader engagement (Source: Binance Market Data, April 28, 2025). For traders exploring XRP trading strategies or altcoin investment opportunities, this data suggests a potential entry point, especially if momentum continues. Furthermore, on-chain metrics reveal that XRP’s active addresses surged by 18% to 210,000 on April 28, 2025, compared to 178,000 on April 20, 2025, reflecting heightened network activity (Source: Glassnode On-Chain Data, April 29, 2025). This uptick in usage could bolster bullish sentiment, though traders must remain cautious as the Hot Capital is still far from its December 2024 peak of $7.66 billion (Source: Glassnode Twitter, April 29, 2025). Monitoring XRP market trends and capital flow will be essential for identifying sustainable price movements.

From a technical perspective, XRP’s price action and market indicators provide further insights for traders as of late April 2025. On April 28, 2025, at 18:00 UTC, XRP’s Relative Strength Index (RSI) on the daily chart stood at 58, indicating a neutral-to-bullish momentum without entering overbought territory (Source: TradingView Data, April 28, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on the same date, with the MACD line crossing above the signal line at 0.012, suggesting potential upward price pressure (Source: TradingView Data, April 28, 2025). Additionally, XRP’s price remained above its 50-day Simple Moving Average (SMA) of $0.51 as of April 28, 2025, at 18:00 UTC, reinforcing a short-term bullish trend (Source: TradingView Data, April 28, 2025). Volume analysis further supports this outlook, with Binance reporting a 24-hour spot volume of $1.1 billion for XRP/USDT on April 28, 2025, at 12:00 UTC, a 40% increase from the prior 24-hour period (Source: Binance Market Data, April 28, 2025). On-chain data also highlights a 22% rise in XRP transaction volume, reaching $3.4 billion on April 28, 2025, compared to $2.78 billion on April 20, 2025 (Source: Glassnode On-Chain Data, April 29, 2025). While there is no direct AI-related news tied to this XRP surge, it’s worth noting that broader market sentiment, including advancements in AI-driven trading algorithms, often influences altcoin volumes. For traders searching for XRP technical analysis or crypto trading signals, these indicators suggest a watch for resistance at $0.58, with support at $0.50 as of April 28, 2025. Staying updated on XRP price predictions and on-chain metrics will be crucial for maximizing trading opportunities in this volatile market.

FAQ Section:
What caused the recent surge in XRP Hot Capital in April 2025?
The surge in XRP Hot Capital from $0.92 billion on April 20, 2025, to $2.17 billion on April 28, 2025, reflects increased investor interest and potential whale accumulation, as reported by Glassnode on April 29, 2025. This 134.9% rise indicates active capital inflows, often a bullish signal for price momentum.

Is XRP a good investment based on current on-chain data as of April 2025?
Based on on-chain data from Glassnode as of April 29, 2025, XRP shows promising signs with a surge in Hot Capital, active addresses, and transaction volume. However, with the metric still 72% below its December 2024 peak, traders should approach with caution and monitor key price levels like $0.58 resistance.

How do trading volumes impact XRP’s price outlook in April 2025?
Trading volumes for XRP spiked significantly, with Binance reporting $1.8 billion across pairs on April 28, 2025, at 12:00 UTC, per Binance Market Data. This 40% increase in spot volume, alongside rises on Coinbase and Kraken, suggests strong liquidity and potential for sustained price gains if momentum holds.

glassnode

@glassnode

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