XRP Outshines Bitcoin and Ethereum As Price Marks Bottom; Reversal Ahead?
XRP price fell below its realized price, signaling a potential bottom, despite selling pressure from some holders, while institutions show strong interest.Summary
The XRP price recently dropped below $1.50, falling beneath its realized price—a key on-chain metric suggesting a potential market bottom, a condition last seen in July 2024. This decline has prompted selling from both retail and large XRP holders, who offloaded about 350 million XRP in five days, increasing pessimism.
Historically, when XRP's spot price trades below its realized price, it can signal a bottom, though recovery may involve extended consolidation, similar to the 2022-2023 pattern. Conversely, institutional sentiment remains optimistic; XRP saw $63.1 million in inflows last week, outperforming Bitcoin and Ethereum, suggesting institutions view its utility as resilient.
At publication, XRP trades near $1.38, holding above $1.37 support. A bounce requires reclaiming $1.52 to target $1.77 and $2.00, but a decisive break below $1.37 could expose the price to lower levels like $1.26.
(Source：BeInCrypto)