XRP continues to struggle under increasing bearish pressure as price movement remains subdued after a prolonged downtrend. Altcoins have fallen 10% in recent days, with traders showing caution amid market volatility.
However, despite the weakness, new investors appear to be coming in, offering an optimistic outlook for the future.
XRP investors are showing mixed signals
Unrealized gains for XRP holders have fallen to a 12-month low, reflecting a worrying trend across the asset’s investor base. Unrealized gains refer to paper gains based on the purchase price of an asset rather than its actual sale. This decline suggests that most investors are currently holding XRP at a loss or with minimal gains.
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A sharp drop in this indicator often causes panic selling, especially when market confidence declines. XRP could face further downward pressure if long-term holders start liquidating their positions to avoid further losses.
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Amidst the bearish outlook, an interesting trend has emerged: a surge in new addresses accumulating XRP. This low seems to be attracting new investors who see current levels as an opportunity to enter the market before a potential recovery. These new inflows could help stabilize selling pressure in the short term.
New investors, who numbered 12,000 at its peak, are also injecting liquidity into the ecosystem, creating demand that may offset profit-taking by older holders. Historically, a rebound in XRP prices has often been preceded by low profitability followed by an influx of new participants.
XRP price may rebound
At the time of writing, XRP is trading at $2.26, down 10% in the past 24 hours. Altcoins continue to face resistance as market sentiment turns broadly bearish. However, there is still strong support near $2.27, giving hope for a potential recovery.
If XRP holds this important support level, it could move sideways in the short term and rebound to $2.35 or $2.45 as buyers regain confidence. This consolidation could set the stage for an even stronger rally in the second half of November.
However, if selling pressure increases, XRP could fall below $2.27, break through $2.23, and reach $2.13. Such a decline would invalidate the bullish scenario and confirm a deeper correction.
