Was the XRP Price Bounce Exit Liquidity as Holders Dumped 90% of Their Stash?
Despite a 30% XRP price bounce, on-chain data suggests holders used the rally to sell at a loss, indicating distribution rather than genuine accumulation.Summary
XRP recently rebounded over 30% from its low near $1.12, showing technical signs of a potential recovery, including a bullish divergence on the RSI and a falling wedge pattern.
However, blockchain data suggests this bounce served primarily as exit liquidity for trapped sellers. The Spent Output Profit Ratio (SOPR) remained below 1, indicating continued selling at a loss, which is unusual after such a rally. Furthermore, highly reactive 24-hour holders dumped over 90% of their supply, and medium-term holders (1-3 months) also reduced exposure by about 35% to cut losses.
This selling pressure creates significant resistance between $1.44 and $1.54, where many investors bought. If XRP fails to break above $1.54 with sustained buying, the price risks falling back toward $1.23 or the $1.12 low, suggesting the current rally is characteristic of a distribution phase.
(Source：BeInCrypto)