Written by
Ananda Banerjee
Edited by
Harsh Notariya
The XRP price has steadied after the recent crypto market crash, climbing over 7% in the past 24 hours to around $2.55. The move mirrors the broader recovery across major altcoins. Even after the turbulence, XRP’s one-year trend remains up more than 350%, showing that the broader uptrend is still intact.
This makes the crash look more like a short-term reset than a trend reversal. But while one key on-chain metric signals that XRP could be setting up for a 35% rally, another shows that a key group of holders isn’t ready to commit just yet — which could delay the move.
The Spent Output Profit Ratio (SOPR) — a metric that shows whether investors are selling at a profit or loss — has dropped to 0.95 after the crash, its lowest level in six months. A reading below 1 means that most holders are selling at a loss, often marking exhaustion among sellers before a reversal.
The last time SOPR fell close to this low was on April 7, when it touched 0.92. Back then, XRP rebounded from $1.90 to $2.58 within a month — a 35% rise. With the XRP price forming a low of $2.38 (on the SOPR chart), a similar move this time would put the next potential target near $3.10-$3.35.
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That setup makes SOPR one of the few early indicators hinting at a rebound, showing that selling may have reached its limit and buyers could soon regain control.
While SOPR suggests recovery, long-term holders are not fully on board yet. Data from Glassnode’s Hodler Net Position Change — which measures how much XRP long-term investors are adding — shows that accumulation has slowed since early October.
On October 2, long-term wallets added about 163.68 million XRP, but by October 12, that number had dropped to 119.16 million XRP, a 27% decline. This means older holders have been gradually reducing their positions even as the market stabilized.
These investors usually provide stability during volatile phases, so their hesitation suggests that the rebound may take time to build momentum. Until long-term wallets start buying again, any XRP price recovery could remain fragile and range-bound.
On the daily chart, the XRP price is still trading within a symmetrical triangle, signaling consolidation after weeks of volatility. The immediate resistance sits near $2.72.
A daily candle breakout above $2.72 would confirm renewed buying strength and could open the XRP price door to $3.10, $3.35, and $3.66, matching the 30%-40% (35% on average) rally projection based on SOPR’s historical behavior.
However, failure to hold above the $2.30 support could invalidate this bullish structure and push the XRP price lower.
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