Will XRP's Short-Term Buyers Trigger a Price Recovery?

XRP Faces Selling Pressure Despite Short-Term Accumulation

The price of XRP has dropped nearly 8% over the past week, with the last 24 hours showing little movement. However, this lack of decline doesn't indicate strength. Analysis of charts and on-chain data reveals XRP is under significant pressure, even as certain investor groups continue to buy the dip.

Short-Term Traders Accumulate, But Long-Term Holders Sell

The HODL Waves metric, which illustrates supply distribution across holding durations, shows that short-term traders have been increasing their holdings. As of November 14, wallets holding XRP for 1–3 months control 9.17% of the supply, up from 8.94% on October 16. Similarly, the 1-week to 1-month group now holds 5.53%, up from 3.74%.

Despite this, the Hodler Net Position Change metric reveals that long-term holders are selling heavily. On November 3, 102.50 million XRP was withdrawn by these holders, with the number rising to 181.50 million by November 14, marking a 77% increase in selling pressure.

XRP Struggles Against Key Resistance Levels

On the technical front, XRP is struggling to surpass the $2.26 level, a significant 0.618 Fibonacci resistance. The Chaikin Money Flow (CMF) indicates declining buying pressure, falling to –0.15, which suggests net outflows as larger investors pull back. Continued weakness could see XRP drop to $2.17, with a further decline to $2.06 possible if $2.06 support fails. For a bullish reversal, XRP needs a decisive daily close above $2.38, potentially paving the way to $2.57.