XRP’s Historical Recovery Cues Meet Panic Selling – What’s Next For Price?

XRP experienced a sharp 24% downturn over the past week, breaking patterns typically associated with historical recoveries due to intensified selling pressure. On-chain metrics, such as Net Unrealized Profit and Loss (NUPL) approaching capitulation levels, historically suggest selling incentives should decrease and accumulation should begin, but this shift has not yet materialized. This is reinforced by on-chain data showing transaction volume executed at a loss significantly outweighs profitable transfers, indicating deteriorating confidence and panic selling. Furthermore, a recent surge of XRP flowing into exchanges suggests holders intend to sell, increasing supply-side pressure. Currently trading near $1.44 after losing the $1.47 support, XRP risks falling toward $1.37 and potentially $1.28 if bearish conditions persist. A recovery would require reclaiming the $1.58 support level to signal renewed strength.

(Source：BeInCrypto)