Ripple’s [XRP] price action continues to mirror its Q4 cycle.
Back then, XRP ripped 290%+ off a $0.50 base, hitting a December top near $2.80 that quickly flipped into resistance. The move dragged price back down to test $2 support by month’s end.
On-chain data shows this pullback wasn’t random. LTHs were taking profits in a big way, with realized gains topping $2 billion.
It was a textbook distribution into consolidation that set the stage for XRP’s next leg higher.
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