💥Concerns of Ripple investors
👉The recent decline in XRP price is largely due to long-term investors (LTHs) reacting uncertainly.
The high 'consumption age' data indicates that LTHs began selling as soon as prices dropped, showing panic in this investor group.
The sell-off activity of long-term holders (LTHs) highlights the fragile sentiment in the XRP community. The lack of confidence from the group of veteran investors could add selling pressure, exacerbating the downtrend if the situation remains unstable.
💥Network momentum and price prediction
👉Initial growth of the XRP network increased as prices fell, reflecting interest from new investors.
However, as prices drop further, the number of new addresses also declines, indicating waning interest.
If this level is maintained, XRP could rise to $0.55. Currently, XRP is holding above the 23.6% Fibonacci level at $0.47, helping to prevent further declines if the market stabilizes.
The lack of strong bullish signals remains a challenge. If XRP can turn $0.52 into support, it could recover to $0.55, alleviating the current negativity.
