As XRP continues its strong upward trend, wallets that have been dormant for a long time are becoming active again, drawing market attention. This wallet activity resumption is not seen as a mere coincidence, but interpreted as a signal that long-term holders are beginning to move in an upward market.
According to market research firm Santiment, the average holding period of XRP investment assets has decreased to 593 days, a reduction of 91 days. This means that previously deposited amounts are starting to re-enter the market, and such movements typically occur in close conjunction with bullish trends. XRP price entered an adjustment phase after reaching an all-time high of $3.65 (approximately 5,074 won) in mid-July and is currently testing support levels around $3.15 (approximately 4,379 won).
Even amid this sideways movement, recent wallet activity indicates that psychological expectations are reviving. XRP has risen approximately 46% over the past month and has made multiple breakthrough attempts near the previous resistance level of $3.3 (approximately 4,587 won). However, some experts are urging preparedness for potential downside risks. Cryptocurrency analyst Ali Martinez noted that if XRP fails to maintain the $3.15 support line, it should be cautious of potential adjustments to around $3 (approximately 4,170 won). However, he diagnosed this potential downturn as a potential 'buying opportunity'.
While short-term investors focus on volatility, institutions are betting on XRP from a long-term perspective. Notably, tech company Hyperscale Data recently officially announced a $10 million XRP treasury program. They plan to disclose weekly holdings starting August 12 and are considering a lock-up period of up to 36 months. This is interpreted as strategic asset allocation rather than short-term speculation. Previously, Nature's Miracle also announced plans to acquire XRP worth $20 million (approximately 2.78 billion won).
With the return of long-term holders, expanded institutional investment, and gradual price discovery, XRP is standing at another critical turning point. Even with temporary adjustments, analyses suggest that the directional movement of XRP prices is increasingly likely to lean towards an upward trend.
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