Over 200 Million XRP Has Been Sold This Year, Yet Price Uptrend Is Surviving
Despite over 200 million XRP being sold onto exchanges this year, the cryptocurrency's broader price uptrend remains intact due to long-term holder accumulation.Summary
XRP has shown heightened volatility recently, marked by significant selling pressure. Data indicates that approximately 206 million XRP (worth about $430 million) has flowed onto centralized exchanges since the start of the year, suggesting short-term participants are distributing their holdings. This selling has capped upside momentum.
However, this distribution is being counteracted by long-term holders (HODLers), whose Net Position Change has shown stronger accumulation or holding patterns. This conviction among long-term wallets acts as a stabilizing force, preventing deeper price declines.
At the time of writing, XRP trades near $2.11, maintaining its upward structure and respecting the critical $2.10 support level. The price could consolidate between $2.10 and $2.20 if selling persists, but a slowdown in exchange inflows could allow XRP to reclaim $2.20 and potentially target $2.31 or $2.50.
(Source：BeInCrypto)