• XRP investors held on to their tokens despite the crypto market sell-off last week.
• Investor resilience could be due to potential bullish catalysts in 2025.
• XRP could retest its all-time high resistance if it breaks above the upper boundary of a key symmetrical triangle pattern.

Ripple’s XRP rose 6% on Tuesday after a range of on-chain metrics showed investors in the remittance-based token held on to their assets despite the broader crypto market sell-off last week.

XRP investors are showing resilience in the recent crypto market sell-off

XRP investors have remained calm despite last week’s market sell-off triggered by the Federal Reserve’s decision to make only two interest rate cuts in 2025.

Unlike most other cryptocurrencies, where investors quickly dump their holdings, most XRP investors held on to their tokens, as shown by the downward trend of XRP dormant circulation across all coin age cohorts. This metric increases when investors sell their tokens quickly and decreases when investors hold on to their investments.

Dormant XRP circulation and mean coin age. Source: Santiment

A similar trend is evident in the “XRP Mean Coin Age” metric, which measures the average number of days that all XRP tokens remained at their current addresses. This metric has been slowly increasing since December 12th, suggesting that XRP investors are more inclined to accumulate than sell.

Notably, whales have accumulated over 260 million XRP tokens in the last five days.

XRP supply distribution. Source: Santiment

The accumulation bias comes as XRP investors are locking in an average profit of over 300% amid a sell-off in the crypto market. This shows the growing resilience of XRP investors despite the generally negative sentiment in the crypto market.

XRP weighted sentiment. Source: Santiment

The reluctance could be due to upcoming potential bullish catalysts, including the expectation of an XRP ETF in 2025 and the inauguration of President-elect Donald Trump and a new Securities & Exchange Commission (SEC) administration on January 20.

On the contrary, XRP’s lower payout could be due to investors already booking significant profits between November 30th and December 17th, as shown in the chart below.

Realized profit/loss of the XRP network. Source: Santiment

XRP’s resumption of the uptrend depends on the breakout above the key trendline

According to Coinglass data, XRP recorded $6.6 million in liquidations in the last 24 hours. Liquidated long and short positions accounted for $2.02 million and $4.58 million, respectively.

After experiencing rejection near the psychological level of $3.00 on December 3, XRP is consolidating within a symmetrical triangle pattern. The remittance-based token is now attempting to move higher after bouncing off the triangle support trendline near $2.1.

XRP/USDT daily chart

If XRP breaks above the upper boundary of this triangle pattern, it could rally and test its all-time high resistance at $3.55. However, a fall below the lower boundary of the trendline could trigger a massive decline towards the $1.35 support level. The $1.96 level and the 50-day SMA (Simple Moving Average) could serve as crucial support levels if such a scenario occurs.

The Relative Strength Index (RSI) momentum indicator is slightly above its neutral level, suggesting that bullish momentum is slightly dominant. Meanwhile, the Stochastic oscillator (Stoch) is just below its neutral level, suggesting that a transition to bullish dominance is imminent.

A daily candlestick closing price below $1.35 would invalidate this thesis.

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