XRP Hodler Accumulation Hits 1M Peak of 189M Tokens Despite Price Struggles

XRP hodler conviction has increased despite the cryptocurrency struggling to maintain its price above the pivotal $1.30 mark. Specifically, data from Glassnode shows that the XRP Holder Net Position Change metric reached 189,903,498 XRP, its highest level in one month. The increase represents a notable recovery from the near-zero reading recorded earlier in October and suggests that long-term holders are accumulating more XRP despite the continued pressure on its price. Glassnode’s XRP Holder Net Position Change tracks the 30-day net change in the amount of XRP held by long-term wallets. When the reading rises, it indicates that these holders are adding more XRP than they are selling or moving out of their wallets.

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