XRP survives crypto market sell-off
XRP holders stuck onto their tokens despite last week's crypto market tumble.
Investor persistence may be owing to 2025 positive drivers.
Breaking over the top border of a crucial symmetrical triangle formation might retest XRP's all-time high resistance.
Following a number of on-chain indicators, Ripple's XRP is up 6% on Tuesday, indicating investors kept onto their holdings despite the crypto market sell-off last week.
XRP investors remained cautious after last week's market sell-off caused by the Fed's plan to lower rates just twice in 2025.
The fall in the XRP Dormant Circulation across all coin age cohorts shows that most XRP investors kept onto their tokens, unlike most other cryptocurrencies. This statistic rises when investors sell tokens quickly and falls when they hang on.
The XRP Mean Coin Age indicator, which tracks the average number of days XRP coins spent in their present addresses, shows a similar trend. Since December 12, this indicator has progressively grown, suggesting XRP investors are inclined to accumulate rather than sell.
A crypto market sell-off has left XRP investors with an average profit of almost 300%, favoring accumulation. This suggests that XRP investors are becoming more resilient despite crypto market negativity.
Anticipated positive triggers like an XRP ETF in 2025 and President-elect Donald Trump and a new SEC administration taking office on January 20 may explain the holding mentality.
As seen in the figure below, investors recorded huge gains between November 30 and December 17, which may explain XRP's lower distribution.
Breakout above major trendline will restart XRP's uptrend.
Coinglass data shows $6.6 million in XRP liquidations in 24 hours. Long and short liquidations were $2.02 million and $4.58 million.
After a rejection at $3.00 on December 3, XRP is consolidating in a symmetrical triangle. The remittance-based coin is trying to rise after rebounding off the triangle's $2.1 support trendline.
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