Crypto Scenario Insights
What happened
XRP is currently trading at $1.11, but data from Glassnode indicates a massive volume of holders remains underwater with cost bases ranging from $1.36 to $2.22.
What we think
The most likely outcome is a range-bound consolidation between $1.00 and $1.11 (50% probability). The primary risk is a breakdown below $1.00, which would trigger liquidations and push the asset into a deeper bearish cyc…
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XRP's $1.11 Rebound: Is the 'Underwater' Holder Base a Ceiling?
We explain what happened and what could follow. We do not forecast prices.