A new report from Glassnode highlights a concerning situation for Ripple (XRP) holders, revealing that 42% of current wallets purchased near the $3 levels, putting them now at losses exceeding 40% as the price has fallen from its peak.
Analysts warn that continued unrealized losses could lead to a capitulation phase, where investors are forced to exit for fear of further declines, which could increase selling pressure on the currency.
Why did this happen?
After partial judicial victories for Ripple Labs against the SEC, the overall mood improved and many investors entered during the wave of optimism. However, now, with the market generally weak, these investors find themselves in a predicament.
Technical forecasts for XRP price
The price is approaching a break that may retest the level of 1.50$ if it fails to maintain its support.
Any bullish rebound may face strong resistances at:
2.50$
3.60$ (near the previous peak)
The bullish momentum remains weak at the moment.
When might the situation improve?
The anticipated announcement of spot trading funds (Ripple Spot ETFs) in the United States may create new institutional demand, which could revive the price provided that:
The overall market mood has improved
Keeping the price above key supports
Despite the current downturn, the listing of ETFs remains one of the most significant events that could change the course of XRP in the medium term.
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