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The price of XRP rose sharply, achieving almost daily gains of 18.7% before giving up half of that advance. The token is now trading near $1.53 after closing up 9%.
The first profits from the holders have a limited moment and can influence the direction of the price of XRP in the coming sessions.
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The sale of XRP continues
Data on the change in net swap positions indicate that sales operations between… XRP holders are still gone. The green bars on this metric show the continued flow of tokens to exchanges, which typically indicates an intention to sell. This continuous move suggests that holders liquidate XRP during the price increase.
Outflows continued to dominate net inflows despite the recent increase. Investors appeared eager to secure profits after weeks of volatility. This behavior often suppresses sustained runs and promotes consolidation near resistance levels.
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The long/short MVRV difference highlights Domination of XRP holders’ profits Short term. This index measures the distribution of unrealized profits among long- and short-term investors. The current lower readings suggest that short holders own a larger share of the profits.
Short holders generally tend to react quickly to rising prices. His tendency to sell at the first sign of earnings helped bring the rally to an abrupt halt.
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While short-holders’ profits remain dominant, bullish momentum may face frequent resistance.
The XRP price may face some resistance
Ripple recorded a rise of almost 18.7% during the last trading session before settling on a gain of 9%, with the long candle and the rapid decline in the trend reflecting the first profit taking. This behavior highlights the fragility of bullish conviction despite the renewed interest.
The immediate goal is to secure $1.51 as a support level. Ripple is trading slightly above this level at $1.53.
Resistance near $1.62 may cap gains, and renewed selling power by short holders could push the price back toward $1.36.
If the distribution slows down and the orders stabilize, Ripple can resume the upward momentum.
A strong break above $1.62 will strengthen the technical structure. Sustained buying could push the price towards $1.76, invalidating the bearish scenario and boosting the recovery momentum.
