XRP Price Found Support at $1.50 — But the Wrong Buyers Are in Control
XRP's bounce from $1.50 support is fragile because it is driven by short-term traders, not long-term conviction buyers.Summary
XRP price briefly dropped near $1.50 following a market sell-off before rebounding, but on-chain data suggests this recovery is weak because short-term traders are leading the buying.
HODL Waves show that the 1-week-to-1-month cohort significantly increased their supply share, mirroring behavior seen before previous price stalls when they quickly sold off. Furthermore, exchange outflows have sharply decreased during the dip, indicating that broader market participants are not stepping in to support the price, creating a fragile structure.
Long-term, high-conviction holders (2-year to 3-year cohort) remain absent, suggesting current levels are not seen as attractive for accumulation. Key resistance levels are $1.69 and $1.96, while crucial support lies between $1.47 and $1.50; failure here could lead to a drop toward $0.93. The current support is built on speculative capital, increasing the risk of another swift decline if these buyers exit.
(Source：BeInCrypto)