Madam XRP’s fortunes have ascended 5% in the past 24 hours, now trading near $2.46, a modest trifle in her grand recovery scheme. Yet, over the past lunar month, she remains 18% diminished, as if still mourning a lost ballroom waltz.
Recent on-chain whispers suggest one faction has curbed its selling fervor, while another cohort now clings to XRP with the fervor of a debutante to a dance card-evidence of perhaps renewed confidence. Still, all hinges upon a singular, pivotal price level, as precarious as a lady’s reputation at a country fair. 🎠
Holders Curb Their Cash-Out Tantrums; Short-Term Investors Stroll In
The Hodler Net Position Change-a metric akin to measuring a gentleman’s sincerity-reveals a marked shift in investor behavior. Between October 16 and 17, long-term holders sold with the vigor of a hatter disposing of last season’s bonnets, plunging the metric to -18.57 million XRP.
Yet by October 19, this net outflow softened to -3.28 million XRP, a reduction of 82%-a drop in selling pressure so dramatic it could rival the fall of a silk fan from a lady’s hand. Since then, XRP’s price has crept upward with newfound vigor, as if inspired by the scent of lavender soap. 🌸
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This suggests long-term investors have abandoned their aggressive unloading, possibly preparing for a price recovery with the subtlety of a well-placed sigh.
Meanwhile, the 1-week to 1-month cohort-short-term traders par excellence-has swelled their share of XRP from 1.94% on October 5 to 3.97% by October 19. This HODL waves metric implies they now cling to their holdings with the tenacity of a cat to a sunbeam. 😼
HODL Waves, for the uninitiated, track how much of a coin’s supply is held by investors of varying tempos-long-term or short-term, much like the distinction between a lifelong marriage and a summer fling.
This dance of reduced long-term selling and renewed short-term accumulation paints a portrait of XRP’s price as optimistic as a heroine’s first meeting with Mr. Darcy. 💃
XRP Price Requires a 5.4% Leap and Retail Enthusiasm to Soar
Technically, XRP has breached a key resistance at $2.43, a level that previously stifled her recovery attempts like a poorly tied corset. The next hurdle lies at $2.59 (another formidable barrier), a mere 5.4% above her current value.
A daily candle close above $2.59 would signal a breakout as thrilling as a quadrille at Netherfield Park, opening the path toward $2.81 and $3.10-Fibonacci levels as sacred as a family heirloom. 🧵
However, the Money Flow Index (MFI), a gauge of buying pressure, has languished since October 6, indicating retail participation as lackluster as a tea party with no scones. For the bullish narrative to flourish, smaller traders must rally with the zeal of a militia during a ball. 💃🕺
Should XRP falter below $2.43, the breakdown to $2.27 would render the bullish outlook as defunct as a moth-eaten gown. Further declines to $2.08 and $1.76 loom, a fate as grim as a heroine’s inheritance being squandered. 😬
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2025-10-20 15:38