XRP is experiencing elevated redistribution risk following significant movement of long-held tokens, as indicated by a spike in Age Consumed metrics and a 13% decline in Mean Dollar Invested Age (MDIA). This on-chain activity suggests longstanding holders are actively transferring assets, potentially altering market dynamics.
Recent price volatility included a 64% rally from $2.23 to $3.64, followed by a 10% pullback. This correction coincided with a $9.3 million reduction in Total Value Locked (TVL) on the XRP Ledger, signaling possible profit-taking or risk reduction among investors.
The $3.15 price zone emerges as crucial near-term support, testing market resilience against increased token supply from long-term holders. XRP notably underperformed Ethereum—which gained 50% with lower volatility—highlighting XRP investors’ heightened sensitivity to market shifts and profit-taking behavior.
Monitoring key support levels like $3.15 is advised to gauge market stability, as ongoing redistribution could amplify volatility and exert downward pressure on prices.