XRP recovery faces pressure as steadfast buyers remain absent—here’s what to watch next:

According to a report by Bijie Network: XRP recently rebounded from the $1.50 support level, but the trend remains fragile, mainly driven by short-term traders rather than sustained demand. On-chain data shows that during the rebound, the supply held by traders holding for 1 week to 1 month surged to 5.27%, while exchange outflows dropped by nearly 70% to about 9.81 million XRP, indicating overall weak accumulation. With a key resistance level near $1.69 and insufficient participation from long-term holders, XRP still faces the risk of another decline if short-term traders exit.