XRP Price Prediction April 10 - A Whale Moves $200 Million Worth of XRP

There is a slight increase in the price of XRP, after continuing to decline over the past week.

When this article was written, the price of XRP was at $ 1.80, but the downward price trend for XRP is still dominant.

Will the XRP price conditions like this apply until tomorrow?

Check out the XRP price prediction information for April 10, as well as the movement of the XRP whale that moved $ 200 million.

XRP Price Overview

On April 9, 2025, XRP experienced a decline in its price, currently sitting at $1.80, which marks a 2.91% drop over the past 24 hours. 

This price dip has been accompanied by a decrease in market cap, which is now valued at $105.37 billion, also reflecting a 2.91% drop. The 24-hour trading volume saw a more significant reduction, down by 36.97%, amounting to $7.27 billion.

The fully diluted valuation (FDV) for XRP stands at $180.8 billion, and the ratio of volume to market cap is 6.91% over the past 24 hours, suggesting a moderate level of trading activity relative to its market size.

In terms of supply, XRP's total supply is 99.98 billion tokens, with a maximum supply capped at 100 billion. Currently, 58.27 billion XRP tokens are circulating in the market.

Looking at the price chart for the day, XRP's price initially rose towards $1.86, but later dropped and is now hovering around $1.80, showing some volatility throughout the day. 

Read Also: How to Buy XRP (XRP)

This indicates that, despite the fluctuation, XRP's price has not strayed far from the $1.80 mark, with market sentiment likely contributing to the current dip. 

The drop in trading volume suggests reduced market participation, which may be contributing to the price movement observed.

XRP Price Prediction April 10, 2025

Based on the current market conditions observed on April 9, 2025, the price of XRP on April 10, 2025, could follow one of two possible scenarios:

1. Continuation of the Downtrend

Given the 2.91% drop in XRP’s price in the last 24 hours and the significant reduction in 24-hour trading volume (down by 36.97%), there is a possibility that XRP could continue its downward trend into April 10. 

The recent price fluctuation, with a dip from $1.86 to $1.80, indicates that market sentiment may be bearish in the short term, and the lack of strong buying volume could lead to further price decline.

If the selling pressure persists, XRP might drop to a range of $1.70 to $1.75. This would align with the current trend of reduced volume and market participation, which can result in the price dipping further if there is not a shift in market sentiment or renewed investor interest.

2. Potential Recovery or Stabilization

Alternatively, XRP could see a stabilization or slight recovery if the market sentiment improves or if there are positive developments surrounding XRP, such as favorable news regarding its legal case or an increase in adoption. 

Despite the recent drop, the market's fully diluted valuation of $180.8 billion and the circulating supply of 58.27 billion XRP still offer some room for potential growth, especially if liquidity increases through higher trading volume.

Read Also: XRP - Latest News on Ripple's Partnership Strategy

In this case, buying pressure could push XRP's price back up to the $1.85-$1.90 range, as traders may seek to capitalize on a lower entry price, sparking a rebound.

Key Factors to Monitor

Trading Volume: A recovery in trading volume would indicate stronger liquidity and could spark renewed interest in XRP, possibly contributing to a price bounce.

Market Sentiment: Developments in the broader cryptocurrency market, as well as any positive news related to XRP’s legal challenges or adoption, could significantly influence price movement.

In conclusion, XRP’s price on April 10, 2025, could fluctuate within the range of $1.70 to $1.90. If the downtrend continues, the price could lean toward the lower end of this range. 

However, if buying interest picks up or market conditions improve, XRP could see a slight recovery and stabilize around the higher end of this range.

A Whale Moves $200 Million Worth of XRP

On April 7, 2025, a major transfer of 200 million XRP (worth approximately $355.6 million) took place, moving from an undisclosed wallet to Binance, one of the largest cryptocurrency exchanges in the world. 

This large transaction initially raised concerns among investors, as movements of significant amounts of cryptocurrency to exchanges are often seen as potential signs of upcoming sell-offs, which can lead to a drop in price.

However, further analysis showed that both the sending and receiving wallets were controlled by Binance itself. This clarified that the transaction was an internal transfer rather than a sale on the open market. 

Read Also: XRP/USD Analysis and Insights from the XRP whale List

Such internal transfers are common and usually done to manage liquidity or for operational purposes within the exchange, and they do not typically affect the market price of the asset.

Despite this, XRP’s price did experience a brief decline, falling to $1.61. However, this drop was temporary, and the price quickly rebounded by around 8.97%, suggesting that the initial market reaction was based on speculation and not driven by any fundamental change in supply or demand for XRP.

The movement of 200 million XRP initially caused some panic in the market, as traders often interpret large transfers to exchanges as a sign that a sell-off could be imminent. This fear can lead to short-term price declines. 

However, the market quickly recovered once it was revealed that the transfer was internal, meaning that it was essentially a routine action by Binance to manage their assets. 

As a result, the temporary price drop did not indicate any real change in XRP's fundamental value, and the price bounced back, showing that the initial market reaction was an overreaction.

Final Note

The significant transfer of 200 million XRP to Binance on April 7, 2025, initially caused a brief price dip, as traders feared a potential sell-off. 

However, it was later clarified that the transfer was an internal transaction by Binance, not a market sale, meaning it had no direct impact on the broader market supply or demand for XRP.

Given the short-term volatility caused by the market's initial reaction, the price of XRP could continue to experience some fluctuation on April 10, 2025. 

However, the overall market sentiment seems to have stabilized, and the brief price drop was followed by a rebound, indicating that the market might have overreacted.

Price Prediction for XRP in April 10

Short-Term Outlook: The market might experience some residual volatility, with the price potentially fluctuating between $1.70 to $1.85 as traders adjust to the news of the whale move. If sentiment remains positive or if buying pressure increases, XRP could stabilize near the $1.85 range.

Long-Term Stability: Given that the internal transfer was unrelated to external selling pressure, the price may stabilize around the $1.80-$1.90 range, barring any further large-scale movements or market-shifting news.

In conclusion, XRP’s price on April 10, 2025, is likely to stay within the $1.70 to $1.90 range, with moderate fluctuations, but the market is expected to regain stability due to the clarification about the nature of the large transfer.

FAQ

1. What does the $200 million XRP whale move mean for the market?

The transfer of 200 million XRP from an undisclosed wallet to Binance initially caused concern among investors, as large transfers to exchanges are often seen as a sign that a sell-off may be imminent. However, it was later clarified that the transaction was an internal transfer by Binance, meaning it did not directly affect the market price or supply of XRP. Therefore, the initial price drop was more likely a result of market speculation.

2. Why did XRP's price drop after the whale move?

The price drop was mainly due to the market reaction to the large transaction. Investors tend to react nervously to significant moves of cryptocurrency to exchanges, fearing potential sales that could depress prices. However, the price quickly recovered once it became clear that this was an internal transfer within Binance and not an indication of market selling.

3. How does an internal transfer impact XRP’s price?

An internal transfer by an exchange like Binance does not impact the market price directly, as it does not increase or decrease the circulating supply of XRP. These types of transfers are typically routine and used to manage liquidity, meaning they have no long-term effect on XRP’s market value.

4. What should I expect for XRP’s price on April 10, 2025?

While the initial market reaction led to a brief price drop, XRP’s price is expected to stabilize around the $1.80-$1.90 range on April 10, 2025. The market is likely to recover from the overreaction, and any short-term volatility will likely be contained, as the whale move was not a market sell-off.

5. How can a whale move affect the cryptocurrency market in general?

Whale movements can often create short-term volatility in the cryptocurrency market, as large transfers can signal potential changes in supply and demand. However, the impact largely depends on whether the whale is moving assets to an exchange for sale or simply transferring funds for other purposes. In the case of XRP, since the transaction was internal to Binance, the impact was minimal, demonstrating that not all large transactions necessarily lead to price changes.