A 40% XRP Crash Couldn’t Shake Its Strongest Holders — Is $1.70 Still Possible?
Despite a 40% XRP price crash, strong holders accumulated more, suggesting a structurally stronger foundation for a potential move toward $1.70.Summary
XRP's price recently fell nearly 40%, from $2.35 to $1.40, but this correction appears to have strengthened its market structure by removing weak hands. Speculative, short-term holders drastically reduced their supply share by 74.7% in under three weeks, eliminating a major source of selling pressure. Conversely, long-term holders (those holding for 155+ days) significantly increased their exposure, adding 145.45 million XRP during the decline, indicating high conviction. Furthermore, XRP's derivatives market shows balanced leverage, unlike other assets facing high liquidation risks. Institutional flows also remained positive via steady investment product inflows. Technically, XRP is forming a bullish cup-and-handle pattern on the 8-hour chart; holding above $1.38 keeps the structure intact, with a breakout above $1.52 potentially targeting the $1.70 to $1.71 zone.
(Source：BeInCrypto)