XRP is attempting to reach a new all-time high but is facing volatility in its price action. Large holders of XRP have been selling, causing concern among the market. However, some of these holders have started to repurchase XRP, indicating renewed confidence in the asset's long-term potential. The MVRV Long/Short Difference suggests that long-term holders are still in profit and committed to the asset. With strong hands in the market, XRP is in a better position to sustain its current levels and potentially continue its upward trend. However, reclaiming the all-time high of $3.40 may be challenging. If the $2.95 support level is lost, sentiment could turn bearish and XRP could face further downside risk.



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