Short-Term Holders Could Sink XRP Price — Unless It Reclaims One Critical Level
XRP’s begin on the primary Monday of November hasn’t impressed confidence. The token has dropped 3% previously 24 hours and is now down 19.1% over the previous 30 days. This clearly marks a interval of downtrend for the XRP worth.
The broader setup stays weak, and the charts counsel extra draw back, except consumers step in quickly.
Hidden Bearish Divergence Signals Continued Weakness
Between October 13 and November 2, XRP’s worth made a decrease high, whereas the Relative Strength Index (RSI), which tracks shopping for and promoting power, shaped the next high. This is called a hidden bearish divergence, a setup that always indicators the continuation of an current downtrend.
Simply put, whereas momentum seems to rise, sellers are nonetheless in management. For XRP, the one solution to invalidate this bearish setup is a every day shut above $2.64, which might open a transfer on the upside.
Until then, the market stays tilted towards sellers.
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Profit-Taking and Short-Term Selling Add Pressure
On-chain knowledge helps this weak spot. The Net Unrealized Profit/Loss (NUPL), which measures investor revenue ranges throughout the community, stands at 0.428, nearly an identical to the native peak of 0.425 reached on October 20. At that point, XRP dropped from $2.50 to $2.36, a 5.6% correction in simply two days.
High NUPL values typically imply buyers nonetheless maintain earnings, so many might promote to safe good points.
That’s precisely what’s taking place. The HODL Waves metric, which tracks how lengthy buyers maintain cash, exhibits that wallets holding XRP for 1 day to 1 week have minimize their provide share from 2.28% to 1.17% in simply two weeks. That’s a close to 50% drop in reserves.
These short-term merchants are actively promoting into rallies, including to the downward strain.
Key XRP Price Levels To Watch as Selling Intensifies
As short-term holders hold offloading, XRP’s key support at $2.31 is below strain. If this stage fails, the token might slip towards $2.18, confirming additional draw back. Note that $2.31 is simply 4.91% away from the present worth stage, nonetheless throughout the NUPL-driven drop zone, as mentioned earlier.
However, holding above $2.31 might stabilize costs lengthy sufficient to check the $2.64 ceiling once more. Crossing that stage would invalidate the bearish divergence and sign the beginning of a attainable rebound.
That would shift momentum again to consumers and align XRP price movement with RSI power — an early signal of development restoration.
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