After stabilizing following a weak start to the year, XRP may not have reached its true price bottom, according to new on-chain analysis.
On-chain analyst Joao Wedson points to the "Number of Days Spent At A Profit" metric, which measures how long current holders have been in profit relative to past prices. Historically, major XRP bottoms coincide with extreme readings of this indicator-but current levels remain well below those thresholds, suggesting more downside ahead.
Blockchain analytics firm Santiment reports significant growth in small XRP wallets-those holding under 100 XRP-now totaling 5.66 million addresses. Mid-tier wallets (100-100,000 XRP) have also grown to 2.01 million, signaling retail accumulation.
Meanwhile, large-holder wallets (over 100,000 XRP) number just 32,054 and show minimal growth, indicating whales are distributing rather than accumulating. With little support from major investors, a sustainable bottom may require lower prices.
XRP currently trades near $1.44.
