Analysis: XRP short-term holders accumulate $2.88B in two days

Short-term holders, defined as those holding XRP for one week to one month, have accumulated 1.8 billion XRP, worth $2.88 billion, in just two days, CryptoMagic reported, citing data from Glassnode. As a result, this cohort's share of the total XRP supply has increased to 5.272% from a previous 2.52%, and their total holdings have risen to 5.266 billion XRP. The outlet added that while this buying pressure could signal a short-term price floor, the rapid shifts in buying and selling typical of short-term holders make it difficult to guarantee a long-term trend reversal.