Long -term holders can help XRP price

XRP recently survived a significant fall, reaching a minimum of $ 2.07. On now, Ripple shows signs of revitalization, but it may have problems with a breakthrough of three -week descending trend

Key holders of Ripple, especially long -term investors (LP), can play an important role in supporting a possible bull breakthrough of the XRP price.

Ripple investors sell assets

The MVRV Long/Short Difference indicator recently returned to the positive zone where it has not been for almost a month. This signals the growth of the profit of long -term holders (LP). Typically, such investors are more patient compared to short -term holders (STH). They are less inclined to sell with short -term price fluctuations. Their confidence creates stabilizing power against the sharp falls of the XRP. Potentially, their presence can withdraw Ripple from the current descending trend.

However, a wider picture causes concerns. The Coin Days Destroyed (CDD) indicator has recently reached the maximum since January of this year. The metric evaluates the volume of transactions from the point of view of how long the coins remained at rest until the transaction was made, accumulating the “mono-day”. As soon as the coin sets in motion, these accumulated days burn out.

A recent surge in activity shows that holders sell their assets. This behavior of LTH may mean that some investors fix profit or are concerned about the short -term dynamics of altcoin. This can negatively affect the price of XRP. If the CDD growth continues, this can increase the pressure on the sale, limiting the possibility of price restoration.

Can XRP take a bull breakthrough

The price of Ripple is in a descending trend for the past three weeks. The token has grown by 5% over the past five days, reaching $ 2.24. Despite this growth, XRP remains under pressure both from the wide market and due to internal sales pressure. This makes him vulnerable to further decrease without strong support.

The presence of long -term holders (LTH) in profit gives hope for a possible rebound. However, their ability to resist sales at this important stage is crucial to continue price growth. If LTH is not actively selling now, XRP can turn $ 2.27 into a support level. This will clear the price of $ 2.38.

If the pressure of sales continues, the token may not cope with the breakthrough from the descending trend. This is fraught with a drop in the price of XRP to $ 2.12 or even lower. Observation of the actions of long -term holders in the coming days will help determine the short -term prospects of altcoin.

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