The cryptocurrency XRP has been in a consolidation phase for the past two weeks, preventing it from reaching a new all-time high. Investor behavior, particularly a trend of moving XRP holdings, has negatively impacted the market confidence and transaction volume. If this pattern continues, it may lead to reduced participation and on-chain engagement, potentially resulting in a drop in price. However, long-term holders of XRP remain in profit and have displayed resilience, which may contribute to price stability. XRP is currently in a micro uptrend and is close to forming a new all-time high, but if it fails to hold its support level at $2.95, the price could decline further.



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