XRP’s $2.00 Dream: A Tale of Woe and Wallets 🚫💰

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XRP, that paragon of cryptocurrency, finds itself in a quandary, its price having slipped below the fabled $2.00 mark, much to the dismay of its devoted followers. 🤯

Despite pockets of optimism, akin to a man expecting a rain shower in a desert, the network activity remains as lively as a doorknob at a funeral. 🌧️

XRP Holders Are Doing Their Part

HODL Waves, that most reliable of oracles, reveals that long-term holders are showing more conviction than a Victorian gentleman at a tea party. Their supply share has increased by 3%, now controlling 11% of the circulating XRP. A testament to their steadfastness, though one might wonder if they’re merely holding on for dear life. 🕵️‍♂️

The shift reflects mid-term holders maturing into long-term holders. Such behavior often signals confidence during periods of price weakness. These investors appear willing to endure volatility, anticipating a future recovery rather than reacting to short-term price swings. 🦔

However, this also indicates that the mid-term holders are underwater. Hence, they are forced to hold XRP tokens. A plight as tragic as a goldfish in a desert. 🐠

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Nonetheless, macro indicators suggest challenges persist. The network value to transactions ratio shows elevated readings. Rising NVT levels often suggest valuation is outpacing on-chain utility. 🐢

The indicator recently reached a three-month high, pointing to potential overheating. XRP’s transaction activity has not kept pace with market expectations. This imbalance weakens recovery attempts, as price advances lack confirmation from network usage and sustained demand. 🧠

XRP Price May Be Safe From A Crash

XRP trades near $1.86 at the time of writing, remaining well below the $2.00 mark lost last week. The decline followed a failed attempt to break out of a month-long downtrend earlier this month. Momentum remains fragile under current conditions. 🏗️

The token is holding above the $1.85 support level, which has been tested previously. XRP may consolidate below $1.94 if selling pressure eases. However, worsening sentiment could push the price toward $1.79, extending short-term losses. 🚨

A recovery scenario depends on improving network activity and broader market stability. A break above $1.94 would be the first step toward reclaiming $2.00. Flipping $2.02 into support could drive XRP toward $2.20, invalidating the bearish trend. 🕊️

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2025-12-18 21:32