XRP Slingshot Setup Builds As Market Enters Potential Bottoming Phase

Diana also pointed out that many traders focus heavily on XRP’s large total supply and assume it cannot move significantly. However, the amount of XRP actively available for trading may be far tighter than widely believed. A considerable portion of the supply remains locked, stored off exchanges, or held by long-term investors who are not eager to sell, meaning that a surge in demand could push prices higher quickly.

Thus, EGRAG explained that many experienced investors prefer accumulating during such conditions rather than perfectly timing the absolute bottom. With XRP’s weekly RSI now approaching this historically significant level once again, the key question is whether the current moment represents a risky entry point or a potential long-term accumulation opportunity.