Diya Poddar
XRP has entered a phase of contrasting investor behaviour as the token’s decline since 14 August has led to opposing strategies between new buyers and long-term holders.
On-chain data reveals that while some groups are treating the pullback as an opportunity to accumulate, others are selling off, creating uncertainty about the token’s near-term trajectory.
Data from Glassnode highlights shifts across key investor cohorts, showing that confidence in XRP’s potential rebound is clashing with increased selling pressure, leaving the market at a decisive turning point for the coming weeks.
Short-term buyers increase holdings by 9.51%
According to Glassnode, short-term holders who have owned XRP for between one and three months currently control 9.51% of the circulating supply.
This group has increased its share by 8% since 14 August, highlighting renewed accumulation. Many of these newer entrants have viewed the dip as a chance to build positions, betting on a recovery in the weeks ahead.
Mid-term holders, who have held their tokens for between six and twelve months, have also raised their exposure. This cohort now controls 23.19% of XRP’s circulating supply, its highest level so far this year.
The data suggests that both short- and mid-term investors are seeing value at current price levels, and are positioning themselves for a potential rebound.
Long-term holders add selling pressure
The optimism from recent buyers contrasts with the activity of longer-term holders. Glassnode data shows that XRP’s Liveliness metric has climbed steadily since 19 August.
Liveliness measures the ratio of coin days destroyed to total coin days accumulated, which indicates whether long-held or dormant coins are being moved or sold.
A rising liveliness metric suggests that long-term holders are increasingly moving their tokens into circulation, often interpreted as selling.
This activity is adding selling pressure to the market and is contributing to XRP’s struggle to maintain upward momentum, signalling how veteran investors are shaping the price environment.
Market outlook
The divergence in investor strategies highlights uncertainty about XRP’s short-term direction.
A recovery would depend on whether fresh demand from short- and mid-term buyers is strong enough to offset the distribution by long-term holders.
If accumulation outweighs selling pressure, XRP could reclaim $3.00 and move toward $3.22. On the other hand, if long-term selling continues to strengthen, the token may extend its decline and fall towards $2.63.
This range reflects the delicate balance between buyer conviction and sustained exits by experienced holders.
XRP struggles for stability
XRP’s recent movements underline the importance of monitoring both short-term accumulation and long-term selling.
The data indicates that new buyers are confident about a rebound, but seasoned investors are offloading, leaving the market finely balanced.
Whether the token can stabilise depends on which side of the market asserts more influence in the coming weeks, with both accumulation trends and distribution patterns under close watch.
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