Market Overview: XRP Sell-Off Dominated by Short-Term Holders
Recent market turbulence has seen XRP's short-term holders (1D–7D and 90D–180D groups) leading the sell-off, according to Santiment's Spent Coin Age Bands data. Meanwhile, whales seized the opportunity to accumulate over 440 million XRP (worth ~$1B) during the downturn.
Key Trends in XRP Holder Behavior:
- Profit-Taking by Short-Term Investors: The Network Realized Profit/Loss metric shows 90D–180D holders capitalized on price drops to secure gains.
- Whale Accumulation: Addresses holding 1M–10M XRP and 10M–100M XRP expanded their holdings significantly post-crash.
- Institutional Expansion: Ripple announced a partnership with BDACS Korea to enhance crypto custody services for XRP and RLUSD stablecoins in South Korea—a top geographic market for XRP.
Technical Analysis: XRP Price at Critical Junction
XRP struggles near $2.12 support** after a 4% drop, with potential downside to **$1.96 if bearish pressure persists. The token trades within a descending channel formed since mid-January:
- Resistance: Upper channel boundary (~$2.24) and 100-day EMA
- Support: Lower channel trendline (dynamic)
- Indicators: RSI and AO below neutral levels reflect prevailing bearish momentum
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Futures Market Data:
Total Liquidations: $6.37M (24h)
- Longs: $3.95M | Shorts: $2.42M
Strategic Developments: Ripple's Korean Footprint
Ripple's custody partnership aims to:
- Support XRPL developers in South Korea
- Boost adoption of RLUSD stablecoin
- Collaborate with Busan’s blockchain regulatory-free zone
FAQs: XRP Market Dynamics
Q: Why are short-term XRP holders selling?
A: Younger coin age groups (1D–7D) aim to minimize losses, while 90D–180D holders lock in profits before further declines.
Q: What signals whale accumulation?
A: A 10B+ XRP increase in 1M–100M wallets suggests strategic buying during price dips.
Q: Can XRP rebound from current levels?
A: If $1.96 support holds, a bounce toward the channel’s midline (~$2.10) is possible. Breakout above the upper boundary ($2.24+) would signal trend reversal.
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Disclaimer: This content is for informational purposes only and does not constitute financial advice.