XRP Buyers Defend $2.20 Support — Data Shows Strong Accumulation Trend
- XRP rebounds 5%, holding strong above $2.20 support.
- Over 317,500 wallets now hold 10K+ XRP, showing quiet accumulation.
- On-chain data hints at long-term confidence building under the surface.
XRP is showing fresh signs of life again, bouncing more than 5% in the last twelve hours after a short dip earlier in the week. The price is holding around $2.35, with buyers clearly defending the $2.20 zone — a level that’s now shaping up as a solid support line. Traders seem to be stepping back in here, confident enough to protect the uptrend and scoop up XRP while the market stabilizes.
What the Data Says
According to new on-chain data from Santiment, accumulation is quietly building under the surface. Over 317,500 wallets now hold at least 10,000 XRP, marking an all-time high and up roughly 1.8% from last month. It’s a small percentage gain, but an important one — it shows that mid-sized and larger investors aren’t leaving; they’re stacking more while volatility shakes out weaker hands.
Even during the recent pullbacks, this group of holders kept increasing. The chart’s blue line tracking these addresses has moved steadily upward, showing little concern for short-term corrections. Historically, this kind of steady accumulation tends to appear before stronger price recoveries — the kind that catch everyone off guard once momentum flips.
What we’re seeing right now looks like classic long-term positioning. Tokens are shifting away from short-term traders and into wallets that tend to hold through dips and noise. That reduces sell pressure, making the market structure more stable overall.
Calm Volume, Quiet Confidence
While trading volume has cooled since September’s wild swings, XRP’s recent rebound off $2.20 suggests healthy consolidation rather than weakness. There’s no panic in the charts — just a slow, controlled build-up of demand. It’s the kind of setup that usually lays the groundwork for more sustainable growth, not the kind of flash rallies that fizzle out a day later.
This phase feels like quiet confidence returning. Smart money accumulates when the hype dies down, and the growing number of 10K+ wallets hints that’s exactly what’s happening behind the scenes.
Short-Term Outlook
For now, the $2.00 zone remains the key line in the sand. If it holds, XRP’s structure stays bullish. A breakout above $2.40 could open the door to $2.60, while losing $2.00 might send prices back toward $1.80 before bulls regroup.
Either way, the data points to conviction among holders — not fear. With more large wallets than ever before and support holding firm, XRP seems to be quietly setting the stage for its next big move. It’s slow, steady, and just a bit unpredictable — the way most long-term rallies usually start.
The post XRP Buyers Defend $2.20 Support — Data Shows Strong Accumulation Trend first appeared on BlockNews.
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XRP Buyers Defend $2.20 Support — Data Shows Strong Accumulation Trend
- XRP rebounds 5%, holding strong above $2.20 support.
- Over 317,500 wallets now hold 10K+ XRP, showing quiet accumulation.
- On-chain data hints at long-term confidence building under the surface.
XRP is showing fresh signs of life again, bouncing more than 5% in the last twelve hours after a short dip earlier in the week. The price is holding around $2.35, with buyers clearly defending the $2.20 zone — a level that’s now shaping up as a solid support line. Traders seem to be stepping back in here, confident enough to protect the uptrend and scoop up XRP while the market stabilizes.
What the Data Says
According to new on-chain data from Santiment, accumulation is quietly building under the surface. Over 317,500 wallets now hold at least 10,000 XRP, marking an all-time high and up roughly 1.8% from last month. It’s a small percentage gain, but an important one — it shows that mid-sized and larger investors aren’t leaving; they’re stacking more while volatility shakes out weaker hands.
Even during the recent pullbacks, this group of holders kept increasing. The chart’s blue line tracking these addresses has moved steadily upward, showing little concern for short-term corrections. Historically, this kind of steady accumulation tends to appear before stronger price recoveries — the kind that catch everyone off guard once momentum flips.
What we’re seeing right now looks like classic long-term positioning. Tokens are shifting away from short-term traders and into wallets that tend to hold through dips and noise. That reduces sell pressure, making the market structure more stable overall.
Calm Volume, Quiet Confidence
While trading volume has cooled since September’s wild swings, XRP’s recent rebound off $2.20 suggests healthy consolidation rather than weakness. There’s no panic in the charts — just a slow, controlled build-up of demand. It’s the kind of setup that usually lays the groundwork for more sustainable growth, not the kind of flash rallies that fizzle out a day later.
This phase feels like quiet confidence returning. Smart money accumulates when the hype dies down, and the growing number of 10K+ wallets hints that’s exactly what’s happening behind the scenes.
Short-Term Outlook
For now, the $2.00 zone remains the key line in the sand. If it holds, XRP’s structure stays bullish. A breakout above $2.40 could open the door to $2.60, while losing $2.00 might send prices back toward $1.80 before bulls regroup.
Either way, the data points to conviction among holders — not fear. With more large wallets than ever before and support holding firm, XRP seems to be quietly setting the stage for its next big move. It’s slow, steady, and just a bit unpredictable — the way most long-term rallies usually start.
The post XRP Buyers Defend $2.20 Support — Data Shows Strong Accumulation Trend first appeared on BlockNews.
Read More
Ripple’s Internal Document Reveals XRP’s True Value Comes From Real Utility, Not Hype