One Bullish XRP Metric Hits a 3-Month High — So Why Can’t the Price Break Out?
Despite XRP dormancy hitting a three-month high, the price remains range-bound due to long-term holders selling their supply.Summary
The XRP price is failing to rally alongside Bitcoin and Ethereum, remaining stuck in a tight range since mid-November. A key bullish on-chain signal, dormancy, has reached a three-month high because the movement of older XRP tokens (spent coins) has dramatically dropped by 91%. Normally, this reduction in selling pressure would support a price recovery.
However, the price is stagnant because long-term holders (LTHs) are actively distributing their supply, as shown by declining HODL Waves cohorts across various age bands (e.g., 6-12 months and 1-2 years). This distribution from conviction groups outweighs recent whale buying, preventing an upward move.
Technically, the XRP price is trading between $1.81 and $2.28. A decisive daily close above the resistance level of $2.28 is required to build momentum toward targets at $2.56 and $2.69; conversely, a drop below $1.98 could signal a return to $1.81.
(Source：BeInCrypto)