Foreign media believe that XRP has been consolidating around $1.15 for the past two weeks. Even with a generally cautious market and continued selling by some on-chain addresses, the price has not significantly fallen below this range, indicating that buying pressure remains strong enough to absorb selling pressure.
On-chain selling and price decline occurred simultaneously.
The article notes that over the past 60 days, addresses holding between 100 and 1 million XRP have consistently reduced their positions. During the same period, the price of XRP has fallen by nearly 15%. However, XRP has held above $1.15 during this decline, indicating that the market has not quickly become unbalanced due to the sell-off.
Structurally, this behavior typically indicates that selling pressure is being gradually absorbed. The article also mentions that a significant portion of addresses holding more than 1 million XRP are likely long-term holders, therefore the current on-chain changes are more concentrated on medium-sized addresses.
XRPL's RWA cash flow remains in the lead.
The article argues that XRPL's on-chain activity isn't particularly strong when only some DeFi metrics are considered. However, when considering fund flows together, the situation isn't entirely weak.
Over the past 90 days, XRP Ledger has recorded approximately $1.9 billion in net inflows into the real-world asset tokenization space, ranking among the top of the major blockchains tracked. The article argues that XRPL is attracting new on-chain liquidity through RWA, which provides background support for XRP's price resilience.
- XRPL has seen a net inflow of approximately $1.9 billion into RWA over the past 90 days.
- The statistical method is a horizontal comparison of major public blockchains.
- Capital inflows are seen as part of ecological carrying capacity.
ETF subscriptions continue to see positive inflows
In addition to on-chain funds, the article also cites SoSoValue data showing that Ripple-related ETFs have recorded a net inflow of approximately $150 million over the past 60 days. This continued inflow of ETF funds corroborates the growth of on-chain RWA.
The article argues that if on-chain liquidity, RWA fund flows, and ETF subscriptions continue their current trends, the possibility of XRP outperforming Bitcoin when risk appetite recovers cannot be ruled out. However, this assessment is still based on the premise of an improved external market environment.
