XRP New Investors and Profits Decline – Will Price Face Another Correction?
XRP is consolidating near support as new investor addresses and long-term holder profits decline, suggesting potential downside risk.Summary
XRP is currently trading sideways, struggling for momentum amid weak market conditions, with investor participation and profitability showing signs of decline. New XRP address creation has sharply dropped from a recent high, indicating waning interest from new buyers who see little incentive to invest at current levels, which could weaken liquidity. Furthermore, the MVRV Long/Short Difference is near 3%, signaling shrinking profits for long-term holders (LTHs), which could introduce selling pressure if they begin to exit positions. Technically, XRP is holding above the crucial $2.28 support level, but a failure to break resistance at $2.36 amid low participation suggests it may consolidate between $2.28 and $2.13. A drop below $2.13 would reinforce a bearish outlook, while improved confidence could push it toward $2.45 or $2.52.
(Source：BeInCrypto)