Analysis of analyst John Squire’s XRP holdings layering: over 8.1 million on-chain activated accounts. Based on holding amounts, positions are divided into tiers, and each tier has a minimum holding threshold. Near the threshold, there is a dense concentration of chips; when the price is close to the boundary, turnover will be noticeably amplified.
With XRP trading at 1.59 and up 4.7% over the past 24 hours, the continued increase in the number of accounts suggests that additional capital is still entering the market. After the price moves above a tier, holders in that tier shift into unrealized gains, and selling pressure eases; if the price breaks below the threshold, it is more likely to trigger trimming. You can treat the threshold line as a reference for the long/short divide.
#XRP
With XRP trading at 1.59 and up 4.7% over the past 24 hours, the continued increase in the number of accounts suggests that additional capital is still entering the market. After the price moves above a tier, holders in that tier shift into unrealized gains, and selling pressure eases; if the price breaks below the threshold, it is more likely to trigger trimming. You can treat the threshold line as a reference for the long/short divide.
#XRP