The reflection of XRP price looms as long-term holders buy $600 million
Long-term XRP holders have purchased over $600 million in recent days, indicating renewed confidence after weeks of continuous selling.
On-chain data and the NUPL indicator suggest conditions for a potential price reversal with shrinking profits and increasing accumulation.
XRP is trading at $2.91, facing resistance at $2.95 and $3.07; a breakout above $3.12 could trigger a rise towards $3.27. XRP has struggled to recover from recent losses, as its price lacks upward momentum in recent sessions. Despite limited progress on the charts, the altcoin shows early signs of support.
Long-term holders are beginning to intervene with significant accumulation, suggesting the potential to withstand ongoing weakness in the broader cryptocurrency market.
Key Ripple coin holders are changing their direction $XRP
