{"id":606628,"date":"2024-05-05T17:30:48","date_gmt":"2024-05-05T17:30:48","guid":{"rendered":"https:\/\/ktsl888.com\/?p=606628"},"modified":"2024-07-12T04:57:20","modified_gmt":"2024-07-12T04:57:20","slug":"xrp-holders-stack-coins-despite-price-dip-bullish-signal-or-hodl-of-desperation","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/xrp-holders-stack-coins-despite-price-dip-bullish-signal-or-hodl-of-desperation\/","title":{"rendered":"XRP Holders Stack Coins Despite Price Dip: Bullish Signal Or HODL Of Desperation?"},"content":{"rendered":"
Recent storms have devastated the bitcoin industry; numerous alternative coins have seen notable price declines. XRP, though, appears to be defying the tempest and weathering it. Although its price has dropped, on-chain data shows interesting patterns implying a possible bright future for XRP investors.<\/span> Even with the price drop, an odd tendency has started. Data from Santiment<\/a> shows that the count of investors possessing between a thousand and one million XRP tokens has actually dropped by 0.20% during the past month.<\/span> This could indicate a rising number of “diamond hands,” investors who hang onto their XRP despite market turbulence because they see its long-term promise. Still another prospect exists, though. The declining number of whales carrying between 1,000 and 1 million XRP<\/a> could point to these bigger investors grouping their assets and maybe accumulating even more XRP.<\/span> This consolidation can be a forerunner of the moves these whales would make in the market. For XRP, technical study presents a somewhat hopeful picture, albeit cautiously. Despite the price drop, the Chaikin Money Flow (CMF), a gauge of the money entering and leaving an asset, has been heading upward.<\/span> This “bullish divergence” implies that XRP may be collecting latent buying force even as the price drops. Investors expecting a future surge could be seeing the price decline as a buying chance.<\/p>\n <\/p>\n It’s important to recognize the storm clouds still hovering above XRP even if the on-chain data and technical indicators show some encouraging signals. A shadow is still thrown by the continuous legal conflict<\/a> between US Securities and Exchange Commission (SEC) and XRP’s creator Ripple Labs.<\/span> The result of this lawsuit can greatly affect the price of XRP as well as general market impression.
\n<\/span><\/p>\nXRP Accumulation On The Rise: Diamond Hands Or Whale Whispers?<\/strong><\/h2>\n
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\n<\/span><\/p>\nSource: Santiment<\/a><\/pre>\n
Technical Indicators Whisper Of A Price Reversal: Bullish Undercurrents?<\/strong><\/h2>\n
\n<\/span><\/p>\nTotal crypto market cap currently at $2.29 trillion. Chart: TradingView<\/a><\/pre>\n
A Sea Of Uncertainty: Legal Battles And Market Headwinds<\/strong><\/h3>\n
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