Short-Term Traders Are Buying XRP – Will Price Rebound?

The post Short-Term Traders Are Buying XRP – Will Price Rebound? appeared on BitcoinEthereumNews.com.

XRP price is down almost 8% in the past week, and even though the last 24 hours have been flat, the absence of red cannot be mistaken for strength. The chart and on-chain data indicate that XRP is under real pressure, despite one group of investors continuing to buy the dip. Sponsored Sponsored Short-Term Holders Keep Buying — But One Group Doesn’t Agree HODL Waves — a metric that shows how much supply each holding-duration group controls — reveals that two short-term cohorts have been steadily accumulating XRP through the month. On October 16, wallets holding XRP for 1–3 months controlled 8.94% of supply. As of November 14, they hold 9.17%. Another short-term cohort, the 1-week to 1-month group, has increased from 3.74% to 5.53% of the supply in the same period. Dip Buying Remains Active: Glassnode Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Despite the XRP price dropping 7.8% over the past 30 days, these groups are accumulating, likely positioning for short-term bounces. But this buying doesn’t seem strong enough to lift the price for one key reason. Sponsored Sponsored The Hodler Net Position Change — a metric that tracks the amount of long-term investor supply entering or leaving wallets — indicates that long-term holders are selling aggressively. It showed heavy negative flow on November 3, when long-term wallets removed 102.50 million XRP. Instead of easing, outflows continued to rise. XRP HODLers Keep Selling: Glassnode By November 14, the number had jumped to 181.50 million XRP: a 77% increase in long-term selling pressure in less than two weeks. This is the core reason the XRP price was unable to bounce: short-term buying is being overwhelmed by long-term exits. XRP Price Feels the Pressure as Big Money Steps Back On the chart, XRP…