$XRP continues to show signs of weakness.



According to Glassnode, XRP’s 90-day moving average has fallen to its lowest level since August 2022, highlighting sustained selling pressure.

More short-term holders are now sitting in unrealized losses and exiting their positions, reflecting fragile market confidence.

While exchange liquidity remains available, the market is still going through a deleveraging phase. Until sentiment improves and the price structure strengthens, a sustained recovery may take time.

#Get2SharesOfSKHynixAtZeroCost #MicronOvertakesMetaInMarketValue
XRP-0.40%
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GateUser-f49a50d4
· 23h ago
XRP's 90-day moving average hits a new low since August 2022; the bears are indeed strong.
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MevHasMeCompletelyConfused.
· 06-27 02:35
Short-term holders are selling at a loss and exiting the market; market sentiment is too fragile.
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BcryptexBTC
· 06-26 16:45
Short term weakness doesn't always invalidate the long term thesis Market sentiment can change quickly once selling pressure fades The key is watching on chain data not just price action
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MatthewScoot
· 06-26 13:35
Great analysis! Thanks for sharing
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L2NightRunner
· 06-26 11:14
Wait until the structure stabilizes before considering it; there's no rush now.
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Don'tLetTheContractScamMyMom.
· 06-26 11:10
The term "deleveraging phase" sounds tactful, but it's actually just liquidating leverage.
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GateUser-f92ba9fa
· 06-26 11:04
Market confidence is harder to restore than prices.
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GateUser-06596f3b
· 06-26 11:04
Liquidity is still there but confidence is gone, that's the most troublesome part.
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OldBlackVelvetKey
· 06-26 11:02
Glassnode data doesn't lie, the selling pressure is continuous.
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ByteBard
· 06-26 11:01
#MicronOvertakesMetaInMarketValue What's up with this hashtag?
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