Gate News Alert: On March 25, according to Arkham monitoring, approximately 2 hours ago, Grayscale transferred a total of approximately 5550 ETH to a certain CEX Prime address, valued at approximately $12.05 million.
Gate News Report: On March 25th, according to Arkham monitoring, approximately 1 hour ago, BlackRock transferred a total of 11,780 ETH worth approximately $257.5 million to a certain CEX custody address through its Ethereum exchange-traded fund ETHA; and transferred a total of approximately 634 BTC worth approximately $453.5 million to a certain CEX custody address through its Bitcoin exchange-traded fund IBIT.
XRP is currently trading near $1.42, down 8% recently. Technical charts show a head-and-shoulders pattern formation, and if the neckline breaks down, it could fall to $1.15. ETF outflows and on-chain data indicate weakening market sentiment, suggesting further selling pressure. Key support sits at $1.37, and a breakdown could trigger panic selling. To reverse the bearish trend, XRP needs to close above $1.46. Investors should monitor support levels and capital flows.