XRP Price Shows Signs of Recovery After Recent Drop
Date: 2025-08-20 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
XRP has lost about 5.4% over the past 24 hours and more than 10% over the past week, echoing the overall correction in the cryptocurrency market. The exit of large holders and active short-term selling have put significant pressure on the Ripple token, but current data gives hope for a short-term rebound.
As of August 17, the percentage of XRP supply in profit fell to 93.53%, which was the lowest in almost two weeks. At the beginning of the month, this figure reached 98.26%. A decline of several percentage points usually indicates that fewer holders are receiving significant unrealized profits, which slows down profit-taking and creates conditions for subsequent price growth. Thus, earlier, a similar decline in early August led to a sharp jump in XRP from $ 2.97 to $ 3.32 in just two days.
Glassnode's HODL Waves data shows that short-term investors are actively accumulating XRP. The share of wallets with a holding period of 1 to 3 months increased from 5.81% on August 1 to 9.28% by August 17. This suggests that new market participants are willing to hold assets despite high volatility, which often foreshadows a trend reversal and price growth in the short term.
On a technical level, XRP continues to trade within an ascending triangle on the daily chart, a classic bullish continuation pattern. The price is currently fluctuating between $2.96 and $3.08, slightly above the base of the triangle. Key resistance levels are at $3.15, $3.33, $3.55, and $3.66. A strong support level is considered to be $2.95, and the final point for the bearish scenario is $2.72. A break of the last level could trigger a deeper decline, but upside potential remains significant until then.
Thus, despite recent losses, the behavior of short-term holders and the structure of the XRP chart give reason to expect a possible short-term increase. Investors are watching the price reaction around key support and resistance levels to determine the next phase of the cryptocurrency’s movement.
XRP continues to show interesting dynamics: a decline in bearish signals and active accumulation of the token by short-term players create the potential for recovery after the recent correction.
