XRP: The Biggest Survivor of the Crypto Market Sell-Off!
Last week's crypto market sell-off left everyone stunned, but XRP holders have managed to hold onto their tokens. But what's behind this unexpected resilience?
Ripple's XRP is up 6%, indicating that investors have refused to sell their holdings. Is this a new trend or something else?
According to data, XRP Dormant Circulation has decreased, showing that most investors have chosen to hold onto their tokens. The XRP Mean Coin Age indicator also suggests a strong accumulation trend.
But what's driving this optimism? Is it the anticipated positive triggers like the XRP ETF in 2025 and the new SEC administration taking office on January 20?
The chart tells a similar story. Investors have recorded significant gains between November 30 and December 17, which may explain XRP's lower distribution.
Will XRP's uptrend resume? A breakout above the major trendline could be the catalyst. According to Coinglass data, $6.6 million worth of XRP was liquidated in 24 hours, with long and short liquidations at $2.02 million and $4.58 million, respectively.
Now, let's wait and see what's next for XRP! #XRP #BinanceAlphaAlert #GrayscaleHorizenTrust #MarketRebound #BinanceLabsBacksUsual