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Major holders of the Ripple currency are changing direction

Chain data highlights a shift in the activity of long-term XRP holders. The change in net position of HODLers shows that after nearly a month of continuous selling, large-position investors are returning to accumulation. This shift indicates a renewed conviction in the future price potential of XRP, especially at the current discounted levels.

In the past few days, more than $600 million worth of XRP has been purchased by these long-term holders. This accumulation reflects growing confidence that the digital currency may find strength after this period of weakness.

The broader overall momentum also supports a potential reversal for XRP. The net unrealized profit/loss (NUPL) indicator is nearing the optimism threshold, which has historically been a point where XRP's price has reversed upwards. Current conditions suggest that investors are holding reduced profits, creating a setup that has previously triggered rallies.

A decline in profits often serves as an incentive for new capital to enter, as low valuations attract buyers. This dynamic has been visible in recent XRP activity, aligned with the accumulation of long-term holders. $XRP