Hold Your Horses! XRP Price Could Rocket to $3.66 or Plummet to $2.87

by

Ripple’s XRP has bounced up by a rather snazzy 10% over the past week, showing signs of life in what some are calling a “market resurgence.” 🎉

In the midst of the crypto carnival, data reveals that this little rollercoaster ride is powered by short-term holders (STHs) scrambling to get their hands on more of this spicy token. 💥

XRP’s Bullish Burst: Short-Term Holders Stock Up

Glassnode has let slip some juicy details – XRP’s short-term holders, those cheeky folks who’ve had their tokens for only 1-3 months, have been hoarding like there’s no tomorrow. This dramatic hoarding spree has led to the 10% jump we’re all gawking at this week. 😲

And what’s even more fascinating? On-chain data from XRP’s HODL Waves shows this group has swelled their holdings by a meaty 38% in the past 30 days. It’s like the crypto equivalent of stocking up on toilet paper during a pandemic. 😅

Fancy More Token Gossip? Want to feast your eyes on more daily crypto tidbits like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter right here. 📨

The HODL Waves tracker is like your nosy neighbor – it watches how long people are keeping their crypto goodies and gives you a glimpse into market trends. 🍿

So why does this matter? Well, short-term holders often hold the power to move markets like a toddler in a toy store. They’re the fast movers, ready to pounce when they smell profit. So their actions? Absolutely critical. 💸

The rise in XRP’s short-term holdings suggests that confidence is building, and the momentum might just continue if the crypto gods are on our side. 🙏

Even XRP’s Relative Strength Index (RSI) is showing some love, coming in at 59.65 and climbing, which is like that little nudge from the universe telling us things are looking pretty bullish. 📈

RSI is a market mood ring. It measures whether an asset is overbought (too hot to handle) or oversold (ready for a comeback). Anything above 70? Too much excitement – brace for a cooldown. Anything below 30? It’s like that lonely kid in the corner – definitely due for a rebound! 💔➡️❤️

And with XRP’s RSI sitting at 59.65, it’s like the crypto equivalent of a perfectly ripe avocado – ready to burst with some serious upside before the market starts to panic. 🥑

XRP Could Head to $3.66… Or Crash Back to $2.87

If the buy-side pressure keeps up, XRP might just smash through the $3.22 resistance like a wrecking ball and shoot for the stars at $3.66, a peak it hasn’t touched since July 18. 🚀

But let’s not get too cocky. If demand falters and the crypto market does its classic “oops, never mind” routine, XRP could stumble and fall back down to $2.87. 😬

Read More

2025-09-13 13:46