[Crypto World] XRP is in a pretty awkward spot right now. The on-chain data looks great: spent tokens have plummeted by 91%, and the dormancy rate has hit a three-month high—signals that should, in theory, be bullish.
But here’s the problem.
Long-term holders are dumping like crazy, especially those who’ve held for six months to two years—their supply share keeps shrinking. This creates a strange balance: no new money coming in, while old money is exiting.
The result? Since mid-November, XRP has been stuck in a range, bouncing between $1.81 and $2.28. That $2.28 barrier just won’t break, no matter what.
Bulls and bears are at a standstill, with neither side gaining the upper hand. Hoping for a breakout in this situation? Tough.
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GasFeePhobia
· 12-07 11:13
The real truth is that old retail investors are selling; on-chain data is deceptive. It was just about to break support.
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CounterIndicator
· 12-07 00:45
If the old retail investors want to sell, let them sell. Anyway, fresh retail investors will eventually come to be harvested. This is the cycle, haha.
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MetaverseHermit
· 12-06 13:50
Old investors cutting new ones—this trick is getting old. What’s the point of pretty on-chain data? When a selling wave hits, it all goes to waste.
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BearEatsAll
· 12-06 13:38
It's really unbelievable how old retail investors keep dumping. Data is useless; if new people can't come in, it's a dead end.
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PebbleHander
· 12-06 13:33
Old holders cashing out is really XRP's Achilles' heel; no matter how good the data looks, it can't withstand the sell-offs.
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SatoshiLeftOnRead
· 12-06 13:29
Old hands are cashing out, huh? Classic "I'm getting out first" move... It's awkward if no new money comes in to take over.
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GasWaster
· 12-06 13:21
Old hands cashing out is really something else. What's the point of good on-chain data if new retail investors don't dare to get in?
XRP on-chain data is impressive but lacks breakout strength; veteran holders selling is the biggest resistance.
[Crypto World] XRP is in a pretty awkward spot right now. The on-chain data looks great: spent tokens have plummeted by 91%, and the dormancy rate has hit a three-month high—signals that should, in theory, be bullish.
But here’s the problem.
Long-term holders are dumping like crazy, especially those who’ve held for six months to two years—their supply share keeps shrinking. This creates a strange balance: no new money coming in, while old money is exiting.
The result? Since mid-November, XRP has been stuck in a range, bouncing between $1.81 and $2.28. That $2.28 barrier just won’t break, no matter what.
Bulls and bears are at a standstill, with neither side gaining the upper hand. Hoping for a breakout in this situation? Tough.