XRP has seen a price rebound recently, which is in line with a shift in investor behavior. The altcoin is benefiting from holders opting to HODL, providing support for a potential recovery in the coming days.
This shift in sentiment is key to reversing the losses seen in June and pushing XRP back above key barriers.
XRP Holders Mature
Addresses holding XRP for over 6 to 12 months have experienced a noticeable rise in concentration this month, up by 12.8% to 19.1%. This surge in mid-term holders indicates a strong level of conviction in the asset’s future.
The increase in long-term holders reflects the growing belief that the price will recover despite recent volatility.
Moreover, holders who have owned XRP for 3 to 6 months have shifted their behavior toward HODLing rather than selling. This maturity in investor sentiment suggests confidence that XRP’s price will rebound.
The rise in mid-term holders plays a crucial role in stabilizing the asset and supporting its price recovery.
Looking at the macro momentum, the Mean Coin Age (MCA) has shown a consistent up
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Author: Aaryamann Shrivastava
