XRP News: Dormant Coins Re-Enter Circulation as MDIA Drops 13% – What’s Next?
XRP, the third-largest cryptocurrency by market cap, is making headlines as dormant coins re-enter circulation. With a 13% drop in Mean Dollar Invested Age (MDIA), the market is buzzing about potential price shifts. Here’s what you need to know.
XRP News: Dormant Coins Wake Up
Recent data from Santiment shows a 13% decline in MDIA, erasing 91 days of age. This signals increased activity among long-held XRP tokens. Key points:
- Age Consumed indicator spikes, showing movement of inactive XRP.
- Whales may be rotating capital, creating redistribution risk.
- Debate continues: Is this risk-hedging or profit-taking?
XRP Price: Volatility and Support Levels
XRP has surged 40% monthly but lags behind Ethereum’s 50% gain. Critical levels to watch:
| Level | Significance |
|---|---|
| $3.15 | Key support zone |
| $3.64 | Monthly high |
| $2.23 | July low |
A breakdown below $3.15 could test lower supports, while holding may sustain upward momentum.
XRP Market Activity: What’s Driving the Change?
The reactivation of dormant XRP introduces uncertainty. Factors to consider:
- Total Value Locked (TVL) dropped by $9.3 million, signaling profit-taking.
- Smart money is reacting quickly to volatility shifts.
- Broader market sentiment will influence XRP’s path to $4.
Conclusion: A Fragile Equilibrium
XRP’s technical structure remains strong, but dormant supply activation adds risk. Monitor $3.15 closely—it could determine the altcoin’s next move.
FAQs
1. What does MDIA drop mean for XRP?
A 13% MDIA drop suggests long-held XRP is moving, potentially increasing sell pressure.
2. Is XRP a good investment now?
While XRP has shown strength, the reactivation of dormant coins adds volatility. Watch key support levels.
3. How does XRP compare to Ethereum?
XRP’s 40% monthly gain trails Ethereum’s 50%, with ETH showing stronger capital retention.
4. What’s next for XRP price?
The $3.15 support zone is critical. A hold could push toward $4; a break may trigger a deeper correction.
