Long-Term Holders Keep XRP Stable
Market sentiment around is mostly negative. Many investors have been hesitant after the failed attempt to reach a new all-time high. However, if conditions improve, optimism could return. A shift in sentiment could attract more buyers and push prices higher.
Even though the MCA for XRP has dropped, it is increasing, hence meaning that the LTHs are not selling their coins. They instead tend to hold on to their assets, hence giving some stability to the price. Their confidence may suggest that they believe in the long-term potential of XRP.
XRP Price Outlook: Key Levels to Watch
Currently trading at $2.47, XRP is staying above its $2.33 support level. The price movement suggests a possible climb toward $2.70. If XRP breaks this resistance, it could rally to $2.95.
However, risks remain. If bearish pressure increases, XRP could fall back to $2.33. A drop below this level would weaken the recovery outlook and may lead to further losses. Investors are watching closely as XRP tries to regain momentum.