XRP is now just 25% shy of its all-time high (ATH) of $3.31 after soaring 424% in four weeks. The dramatic rise has sparked optimism among investors, but signs of market saturation are raising questions about its next move.
Key indicators suggest caution. XRP’s Mean Coin Age has been steadily falling, a sign that investors are moving tokens instead of holding them. This shift may indicate waning confidence, as traders appear ready to cash in on recent gains. Historically, when over 95% of a cryptocurrency’s supply is in profit—currently the case for XRP—it often signals a market peak.
Analysts are closely watching XRP’s next steps. If bearish trends, such as declining sentiment and profit-taking, persist, the altcoin could face resistance in reaching its ATH. A pullback to support levels around $2.00 remains a possibility, which might challenge the asset’s momentum.
However, should bullish energy hold, XRP could overcome resistance and break past $3.31, setting a new ATH. The $2.00 support level is seen as a critical marker. As long as the price stays above it, optimism for further growth remains.
The coming weeks will be pivotal for XRP, as market sentiment and investor actions shape its trajectory. Whether the altcoin surges to new heights or encounters a slowdown remains to be seen.
