Some Ripple holders are starting to buy...
Investors are actively accumulating XRP, as evidenced by the decrease in the token's net position on exchanges. The indicator has reached a 5-month low, indicating a net outflow from trading platforms.
In the past week, over 312 million XRP worth about $950 million has been purchased. This indicates optimism regarding a possible price recovery.
Strong accumulation indicates trust from retail and institutional investors in Ripple's potential.
The price has been decreasing lately, but the accumulation trend indicates that investors are preparing for long-term growth.
The HODLer Net Position indicator tracks the movement of long-term holders' (LTH) stocks. It shows that in recent days, such investors have started buying after a period of selling. However, LTH have not yet bought back all the XRP tokens sold in the last month.
Without a significant increase in purchases, the bearish sentiment of LTH may continue to pressure the price of Ripple. These holders play a key role in price movement, and their indecision signals caution. A lack of buying pressure may weigh on the price of XRP in the near future.
