Dormant Ripple Wallets Reactivate: XRP Growth May Slow Down
Date: 2025-06-06 Author: Henry Casey Categories: CRYPTO PAYMENTS
XRP has started to recover from its losses in May since early June. However, recent activity in previously dormant wallets has raised concerns among analysts, as it may signal an approaching correction.
The Liveliness metric, which tracks the activity of long-held tokens, has shown a noticeable increase. On June 3, its value reached 0.809, indicating that previously “dormant” coins are moving. This may indicate that long-term Ripple (LTH) holders are using the current rally as an opportunity to lock in profits by bringing their tokens to the market.
Additionally worrying is the growing volume of XRP supply that is in profit. According to Glassnode, only 79% of the supply was in positive territory as of May 31. But already in early June, this figure jumped to 82%, which could trigger a massive sell-off. In favorable market conditions, investors tend to take profits, which creates increased pressure on the price.
Historically, LTH activity and an increase in the number of tokens in circulation often precede a wave of sales. This could slow down the current upward movement of XRP. If the trend continues, the cryptocurrency rate may fall below the $2 mark - to $1.99.
However, the bullish scenario is still possible. If buyers maintain control of the situation, XRP can reach the resistance zone in the $2.29 region and, possibly, move higher. It all depends on whether the bulls can compensate for the pressure from those who decide to exit the position with a profit.
Thus, the coming days will be decisive for XRP. The balance between demand from new buyers and the desire of long-term holders to take profits will determine the short-term dynamics of the token.
