These XRP Holders Could Stabilise Price Amid Chaotic Global Market
XRP is nearing a potential turning point as holder behavior and market indicators suggest stabilization despite recent price declines.Summary
Despite a recent 10.9% pullback in XRP price to near $1.69 amid broader market risk aversion, signs suggest potential stabilization. Market sentiment indicators, specifically the Market Value to Realized Value (MVRV) ratio dipping into the opportunity zone (below -14%), historically signal selling saturation and precede accumulation phases as investors seek undervalued entry points.
Further supporting stabilization is the behavior of long-term XRP holders, whose Liveliness indicator is near a four-month low, indicating accumulation rather than distribution. This reduces circulating supply and dampens volatility.
For XRP to recover from its current downtrend, investor participation must increase, ideally reclaiming $1.81 as support to target $2.00; failure to hold the $1.61 support zone could lead to further weakness toward $1.54.
(Source：BeInCrypto)