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The XRP remained in the consolidation phase in the last two weeks, preventing it from establishing a new high-time (ATH).
While Altcoin still holds above the key level of support, he fights that he would have gained the necessary momentum for breakthrough. Investor behavior shift could change this path.
XRP investors are faced with losses
The amount of XRP transaction is largely dominated by losses. Like New Atinja, the investors remain unacceptable to move their sir. This trend has resulted in many XRP holders who faced losses on transactions in the last two weeks, affecting overall confidence in the market.
If this form continues, the merchants can begin to withdraw from participation, reducing transaction activities. The decline in the chain engagement could negatively affect the XRP price, increasing the risk of extended consolidation or potential falls below key levels of support.
XRP Transaction volume in loss. Source: Santiment
MVRV Long / short difference indicates that long-term bearers (LTHS) remain in profit, benefit from the recent Action of the XRP. These investors are yet to be switched on sale, showing resistance despite short-term instability. Their continuous posture is critical to maintain stability.
If LTHS maintain their positions, the price of the XRP is less likely to experience a sharp correction. This behavior signals confidence in the long-term potential of assets. It also suggests that the XRP could withstand their upset if the market conditions remain favorable.
XRP MVRV Debt / Short difference. Source: Santiment
XRP Prediction: UPTRERND to a new high
The XRP is currently experiencing a microprend after rejecting a $ 2.95 support level. As Altcoin briefly fell below this level during intraday low, recovered quickly and remained above the trend line. It was strengthened by a bull swing.
Cryptoturrency is currently sitting less than 10% of the formation of a new Ath over $ 3.40. If comparative continues and long-term holders remain stable, the XRP could be pierced next to this resistance and set a new record price in the coming days.
XRP price analysis. Source: TradingView
However, if the XRP retest $ 2.95 and fails to keep this support, the price could be added further. The interruption below this level would increase the bear pressure. This could potentially encourage XRP to $ 2.73 or lower, undoing a bullish thesis.
