- XRP long-term holders soaked up short-term holders’ recent profit-taking as they resumed accumulation.
- Buyers across top exchanges have dominated sellers since the beginning of 2025.
- XRP could test the $2.9 resistance after breaking out of a key symmetrical triangle pattern.
Ripple’s XRP is up 7% on Thursday, extending its rally that began during the New Year’s Day celebration. If long-term holders (LTH) continue their recent accumulation, XRP could overcome the $2.9 resistance level and aim for a new all-time high.
XRP on-chain activity shows long-term holders and buying pressure dominance
Following a 12% jump in XRP’s price on Wednesday, investors booked over $1 billion, the highest realized profits since December 16.
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XRP Network Realized Profit/Loss. Source: Santiment
The profit-taking was mainly from investors that have held XRP in the past 90 days, as indicated by a spike in the Dormant Circulation (90d) metric. However, long-term holders have adopted a somewhat opposite attitude, accumulating the sell-pressure from these short-term holders as reflected by an increase in the Mean Coin Age metric.
The Mean Coin Age metric measures the average amount of time all XRP tokens have stayed in their current address. As seen in the chart below, an increase indicates accumulation is dominant over distribution.
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XRP Dormant Circulation and Mean Coin Age. Source: Santiment
XRP’s net flow and volume across top crypto exchanges in the past 24 hours show a similar trend, with Binance, OKX, Bitstamp and Bybit all showing net outflows. The only net inflow was recorded in Coinbase. Exchange net outflows indicate buying pressure is dominant and vice versa for net inflows.
XRP 24-hour Volume and Net Flow. Source: Coinglass
Meanwhile, with pro-crypto Paul Atkins potentially assuming the role of the United States Securities and Exchange Commission (SEC) Chair on January 20, it’s unlikely the agency will pursue its appeal against Judge Analisa Torres’s ruling in its case against Ripple. The SEC faces a January 15 deadline to file the opening brief for its appeal.
XRP eyes $2.9 resistance following move above key symmetrical triangle
XRP has sustained over $11.03 million in liquidations in the past 24 hours, per Coinglass data. The total amount of liquidated long positions reached $2.72 million, while short liquidations accounted for $8.31 million.
XRP broke above a symmetrical triangle pattern on Thursday, extending its New Year’s Day rally. With the breakout, XRP could rally toward the resistance level at $2.9. The move could be strengthened if XRP sees a slight downturn and bounces off the triangle’s upper boundary line.
XRP/USDT daily chart
The Relative Strength Index (RSI) is above its neutral level, indicating dominant bullish momentum. Meanwhile, the Stochastic Oscillator (Stoch) is in its oversold region, signaling a potential correction could be imminent.
A daily candlestick close below the triangle’s lower boundary line and the 50-day Simple Moving Average (SMA) would invalidate the thesis and send XRP toward the $1.35 level.
Cryptocurrency metrics FAQs
The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.
Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.
Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.
Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.
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