XRP: On-Chain Data Signals Bullish Momentum from Long-Term Holders Emerging on-chain data suggests XRP could be primed for a bullish phase, as long-term holders stay firm, hinting at potential price reversal despite market challenges. XRP’s liveliness metric recently hit a two-month low, signaling that long-term holders are keeping their coins off exchanges rather than selling. This dormancy reflects strong confidence in XRP’s future, and historically, such periods of low liveliness have often preceded bullish price movements, making it a key indicator for potential upward momentum. The Long-Term Holder Net Unrealized Profit/Loss (LTH NUPL) indicates that major XRP holders are sitting on minimal unrealized gains, giving them little reason to sell. This metric, a key measure of holder conviction, suggests that despite market weakness, LTHs remain steadfast, a strong signal that XRP could be poised for a rebound. Together, these metrics highlight XRP’s on-chain resilience, with long-term holders providing a stabilizing force amid short-term volatility. Their steadfast positions often signal accumulation phases, which historically precede significant price rallies, positioning XRP for a potential upward move amid intensified accumulation at the $2.70-$3.0 range. XRP Technical Analysis: Bearish Pressure Intensifies XRP is showing signs of increasing bearish momentum as recent price action indicates a potential continuation of the downtrend. Technical indicators on the 2-hour chart highlight growing selling pressure, signaling caution for traders and investors. Chart Overview The Ichimoku Cloud , a widely respected trend-following indicator, has turned bearish for XRP. The price has decisively moved below the cloud, which historically signals weakness and a higher probability of further declines. This breakdown indicates that XRP has lost key support levels, confirming that sellers are currently in control. Meanwhile, the Relative Strength Index (RSI) is trending downward, reflecting waning buying momentum. An RSI moving lower suggests that bullish interest is fading, and bears may continue to exert influence on the market. The combination of a bearish Ichimoku Cloud and a declining RSI creates a technical backdrop for potential additional downside pressure. At the time of this writing, XRP was trading at $2.76, representing a 3.1% drop in the past 24 hours, according to CoinGecko data . Conclusion XRP’s on-chain metrics reveal a resilient long-term holder base that could underpin a bullish reversal. With low liveliness and minimal selling pressure from major stakeholders, the cryptocurrency shows signs of strategic accumulation and market confidence despite currently facing significant bearish pressure.
