XRP has seen a significant rise of 424% in the past four weeks, bringing it closer to its all-time high (ATH) of $3.31. However, there are bearish factors emerging that make its path to new highs uncertain. The Mean Coin Age indicator suggests a lack of conviction among investors, as they are moving their holdings around rather than holding them long-term. This could indicate that investors may be preparing to exit their positions. Additionally, the high percentage of XRP supply in profit suggests that many holders are in a profitable position, which could lead to profit-taking and selling pressure. XRP may struggle to break through its ATH and could face a pullback if these bearish factors continue. However, if bullish momentum persists, XRP could potentially surpass its ATH and form a new price ceiling. The critical support level to watch is around $2.00.



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