XRP Refuses to Break Down: Here’s How Holders Are Preparing For Price Recovery
XRP is defending critical support while on-chain metrics and derivatives data suggest holders are accumulating for a potential price rebound.Summary
Despite recent struggles, XRP price is refusing to break down, maintaining support near the 23.6% Fibonacci retracement level, which suggests underlying accumulation. The Net Unrealized Profit and Loss (NUPL) metric indicates XRP is in a capitulation phase but not deeply underwater, nearing neutral conditions after nearly a month.
Holder behavior supports a potential bounce, as Mean Coin Age (MCA) shows long-term holders are accumulating rather than distributing, reducing selling pressure. Furthermore, derivatives data reflects improving trader confidence, with XRP Funding rates shifting from deeply negative to modestly positive, signaling dominance of long positions.
Currently trading around $1.43, sustained holding above the bear market support floor could see XRP challenge resistance at $1.53, potentially leading to $1.62. However, failure to break $1.53 might extend consolidation until broader market momentum improves.
(Source：BeInCrypto)