Ripple’s XRP has been on a slow-motion slide since September 18, losing about 7% of its value in what can only be described as the crypto equivalent of a midlife crisis.
Now the burning question (besides “Why did I check this?”) is whether XRP can claw its way back to the elusive $3 mark before September bids us all farewell.
When Big Players Start Packing Their Bags: XRP’s Selling Drama Unfolds
Glassnode tells us that the so-called short-term holders (STHs)-those poor souls who’ve been clutching their XRP for anywhere from one to three months-have started to quietly drop their bags like a hot potato. This trend began just days ago and, honestly, it’s not a great sign.
The HODL Waves metric (yes, it’s not just a fun name but a serious indicator of how long people cling to their coins) confirms this downward shuffle. Since September 21, the share of XRP held by these impatient investors has shrunk from 15.72% to 10.72%. That’s a 5% tumble in just three days-which is like a flash sale nobody wanted.
For token TA and market updates: Curious and masochistic readers can sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Brace yourselves.
Why does this matter? Since these short-timers often hold a big chunk of the circulating coins and are quick to bail at the first sign of trouble, their mass exodus adds fuel to XRP’s fiery downfall. Think of it like a stubborn boat losing its paddlers mid-river.
And wait, it gets juicier. The whales-those mighty beings who have between 10 million and 100 million XRP lounging in their wallets-have also been on a selling spree. Per Santiment, 90 million XRP have been offloaded since September 19. That’s a whale-sized splash that’s causing serious ripples.
Such grand gestures of selling are the crypto world’s version of “I’m outta here,” stirring fears, spooking smaller holders, and generally turning XRP’s party into something of a sad farewell assembly.
The Technical Crystal Ball: Is XRP Doomed or Just Dramatic?
For those who like their drama with graphs and jargon, technical indicators are raising caution flags. XRP has slipped below its Ichimoku Cloud on the daily charts-a fancy way of saying it’s currently hanging out in Bear Territory until at least the end of September.
Currently, XRP finds itself trapped under the Leading Spans A and B (financial mumbo jumbo for invisible walls) sitting around $2.93 and $3.04-kind of like a speed bump for anyone trying to push the price higher.
In case you’re wondering, the Ichimoku Cloud is that mystical fog that tells investors whether the market feels sunny or stormy. Being below it is like showing up at a picnic and realizing it’s raining cats, dogs, and maybe a few disgruntled goldfish.
If buyers don’t step up soon, XRP might take a slide down to $2.78, which sounds about as fun as it looks. This would definitely make any hopes of hitting $3 feel like a cruel joke.
However, if we catch a whiff of hope and buyers return in force, XRP could bounce back, leap over $2.93, and flirt with $2.99. A break past these pesky resistance points might just open the floodgates, letting XRP swim boldly past $3.04 and into the realm of optimism (or delusion, depending on your outlook).
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2025-09-24 16:34