XRP Price Decline Sees Long-Term Holders Increase Positions

XRP's price experienced a significant drop of nearly 40%, falling from $2.35 to approximately $1.40. According to NS3.AI, despite this decline, long-term holders have increased their positions, while speculative holders have largely exited the market. The leverage on perpetual contracts remains balanced, which reduces the risk of liquidations. Institutional investment inflows have remained steady throughout the price drop. Technical analysis indicates a bullish cup-and-handle pattern, suggesting that a breakout above $1.52 could potentially target $1.70 or higher.