The cryptocurrency market has witnessed a dramatic rise in XRP's Hot Capital, a critical on-chain metric tracking active capital inflows. Recent data reveals an explosive 134.9% increase—from $0.92 billion on April 20 to **$2.17 billion by April 28—signaling renewed investor confidence. Despite this growth, XRP's Hot Capital remains 72% below its December 2024 peak** of $7.66 billion, indicating ongoing market recovery efforts.
Key Market Developments and Price Action
Capital Inflows and Trading Volume
- $1.25 billion surge in Hot Capital within 8 days (Glassnode, April 29, 2025).
- XRP/USDT price: $0.54 (+3.2% daily) with $1.8B 24-hour volume on Binance.
- XRP/BTC pair: 0.0000085 BTC (+2.1%), showing relative strength against Bitcoin.
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Exchange-Specific Activity
| Exchange | XRP Trading Volume (April 28) | Weekly Change |
|---|---|---|
| Coinbase | $620M | +45% |
| Kraken | $310M | +38% |
| Binance | $1.1B (XRP/USDT spot) | +40% |
Technical Indicators and Network Activity
- RSI (Daily): 58 (neutral-bullish).
- MACD: Bullish crossover at 0.012.
- 50-day SMA: $0.51 (support level).
- Active addresses: 210K (+18% from April 20).
Trading Implications and Strategic Insights
- Whale Activity: The capital surge suggests institutional accumulation.
- Liquidity Boost: Volume spikes across major exchanges enhance price stability.
- Key Levels: Resistance at $0.58; support at $0.50.
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Frequently Asked Questions (FAQ)
What drove XRP’s Hot Capital surge in April 2025?
The 134.9% increase reflects whale accumulation and broader market optimism, per Glassnode data. Capital inflows often precede price rallies.
Is XRP a viable investment in 2025?
While metrics like active addresses (+18%) and transaction volume ($3.4B) are bullish, the 72% drop from peak Hot Capital warrants cautious optimism.
How do trading volumes affect XRP’s price?
Higher volumes ($1.8B on Binance) indicate liquidity and trader engagement, supporting potential upward momentum if sustained.
Data sources: Glassnode, Binance, Coinbase, Kraken (April 28–29, 2025).
For live updates, monitor on-chain metrics and exchange volumes.