XRP may rise in January 2025 due to buy-side bias in on-chain statistics

XRP long-term investors absorbed short-term profit-taking to continue accumulation.

Since 2025, top exchange buyers have outnumbered sellers.

After breaching a critical symmetrical triangle pattern, XRP may challenge $2.9 resistance.

Ripple's XRP is up 7% on Thursday, extending its New Year's Day rise. If long-term holders (LTH) keep accumulating, XRP might break the $2.9 resistance level and reach a new high.

On-chain XRP activity favors long-term holders and purchasing pressure.
After XRP rose 12% on Wednesday, investors made over $1 billion, the most since December 16.

A surge in Dormant Circulation (90d) indicates that investors who owned XRP in the prior 90 days took profits. Long-term investors have accumulated the sell-pressure from short-term holders, increasing the Mean Coin Age statistic.

The Mean Coin Age indicator calculates the average time all XRP tokens have spent in their current address. An rise suggests accumulation over distribution, as seen in the chart below.

Binance, OKX, Bitstamp, and Bybit all had net outflows of XRP in the previous 24 hours. Coinbase was the sole net inflow. When net outflows exceed net inflows, purchasing pressure dominates.

On January 20, pro-crypto Paul Atkins may become SEC Chair, making it unlikely the agency would appeal Judge Analisa Torres's verdict in the Ripple case. The SEC must submit its appeal opening brief by January 15.

After rising over important symmetrical triangle, XRP targets $2.9
Coinglass reports over $11.03 million in XRP liquidations in 24 hours. Long liquidations were $2.72 million, while short liquidations totaled $8.31 million.

XRP extended its New Year's Day rise on Thursday by breaking above a symmetrical triangle. XRP may climb toward $2.9 resistance after the breakthrough. If XRP drops and bounces off the triangle's top boundary line, the move may intensify.

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