XRP Dip Buyers Are Active — So Why Is the Price Still Falling?
Despite short-term holders actively buying the dip, XRP's price continues to fall due to aggressive selling by long-term holders.Summary
XRP's price has dropped nearly 8% over the past week, remaining under pressure even though short-term investors are accumulating the asset. On-chain data from HODL Waves shows that cohorts holding XRP for 1-3 months and 1 week to 1 month have increased their supply share, suggesting they are buying dips. However, this buying is being overwhelmed by aggressive selling from long-term holders, evidenced by the Hodler Net Position Change metric showing outflows rising sharply to 181.50 million XRP by November 14. On the chart, XRP is struggling below the $2.26 resistance level, with the Chaikin Money Flow (CMF) plunging to -0.15, indicating net outflows and fading buying pressure from larger investors. If selling pressure persists, XRP risks falling to $2.17 or $2.06; regaining momentum requires a daily close above $2.38.
(Source：BeInCrypto)