- XRP hit a new ATH of $3.66 but is now showing signs of slowing as new wallet creation drops 64% in 48 hours.
- Long-term holders have started selling, signaling caution or profit-taking after the rally.
- If XRP holds above $3.38 and demand returns, it could still push for $3.80—but a dip to $3.00 is on the table if selling continues.
XRP’s been on a heater lately, smashing through resistance to hit a new all-time high of $3.66—a pretty wild run, honestly. The altcoin jumped a solid 27% in just a week, landing near $3.50 at the time of writing. But now, things are looking… well, a little shaky.
The momentum that carried XRP this far seems to be tapering off. And it’s not just vibes—there’s data showing the crowd’s backing off. So, is this just a breather or the start of something worse?
New Investors Are Noping Out
Over the last 48 hours, new wallet growth—aka fresh investor entries—has nosedived. We’re talking a drop from 11,058 down to just 3,930 new wallets. That’s not a small dip—it’s a full-on retreat.
When coins are hot, you see new wallets flying in. When they cool off? People wait it out, or bail. This sort of pullback usually means folks are getting spooked or just locking in gains. Either way, it slows the train.
Also, if the new investor fuel dries up, the short-term price engine might sputter too. And with XRP hovering below that fresh ATH, the odds of a correction or sideways churn just got stronger.
HODLers Start To Cash Out
Even the diamond hands seem to be loosening their grip. Glassnode data shows long-term holders (LTHs) have started unloading bags—the first notable red bars on the net position chart in over a month.
This kind of sell-off from LTHs doesn’t usually happen unless they smell weakness—or see profits too good to pass up. Either way, it adds pressure. And when the people who usually sit tight begin selling, markets tend to listen.
So yeah, we might be entering a stretch where volatility spikes, and prices go wobbly.
Can XRP Still Break Higher?
Right now, XRP’s chillin’ at $3.50—not far off that ATH, but also not making much of a push higher. If the market keeps cooling and investors keep stepping back, $3.38 becomes a key level to watch. Losing that? That could open the door to $3.00, which would erase most of the recent rally.
But—and it’s a big but—if buyers come back and the volume picks up, XRP could regroup above $3.38 and take another swing at $3.66. Break through that with conviction? We’re talking a shot at $3.80, a new ATH, and some serious bullish fuel.
Either way, next few days could be messy.
