XRP Holders Hit New High: Is It a Bridget Jones Diary or a Horror Flick?

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Oh, XRP, you fickle minx! Just when we thought you were ready to strut your stuff in that little black dress (aka the top five cryptocurrencies), you go and trip over your own heels, dropping 9% in the past 24 hours. Bridget Jones would be proud of the drama!

At press time, XRP was sipping its Chardonnay at $1.50, looking a bit worse for wear. Market sentiment? Think Mark Darcy giving Bridget that look after she’s had one too many. Speculation is swirling like a bad hangover, and the momentum for a recovery is about as steady as Bridget’s love life.

AMBCrypto, the Colin Firth of crypto analysis, decided to dive into the broader picture. Because, darling, when the chips are down, you need a sensible pair of pants and a reality check.

Fundamentals: The Mark Darcy of XRP’s Life

XRP’s fundamentals are like Mark Darcy in a wet shirt-rock solid. Long-term holders are still swooning, accumulating like it’s a sale at Selfridges. Despite the recent wobbles, they’re in it for the long haul. Bless their sensible hearts.

CoinMarketCap reports that XRP holders have hit a new all-time high of 507,110 as of February 16th. That’s more commitment than Bridget’s diary entries! Even as XRP has tumbled 58.9% from its all-time high of $3.66 over the past seven months, holders are sticking around like loyal friends at a disastrous dinner party.

This accumulation during fragile market conditions is like Bridget deciding to eat the entire tub of ice cream-it’s emotional, but it shows resilience. And let’s not forget the institutional confidence, which is basically the equivalent of Mark Darcy declaring his love in the pouring rain.

SBI Holdings Inc., the Japanese financial conglomerate, is still holding a 9% stake in Ripple Labs. Their chairman and president posted on X (formerly Twitter, darling) to reaffirm their commitment. “When it comes to Ripple Labs’ total valuation, that would be enormous. SBI owns more than 9% of that,” he gushed. Talk about a public declaration of love!

“When it comes to Ripple Labs’ total valuation, which includes the entire ecosystem Ripple has built, that would be enormous. SBI owns more than 9% of that,” he stated.

So, while XRP might be having a Bridget moment, its long-term potential is still the handsome, reliable Mark Darcy waiting in the wings.

Perpetual Traders: The Smug Shazzer of the Crypto World

But oh, the perpetual traders! They’re the Shazzer of this story-always ready to pour cold water on the party. Short sellers are having a field day, profiting from XRP’s declines like Shazzer judging Bridget’s every move. This led to $13.5 million in liquidations among bullish traders. Ouch, that’s a painful hangover.

CoinGlass data shows that capital is contracting faster than Bridget’s self-esteem after a bad date, while short contracts are on the rise. The Open Interest-Weighted Funding Rate has fallen to 0.0101%, indicating that bears are calling the shots. It’s like Shazzer taking over the dance floor-no one’s having fun.

As the price dropped, capital in XRP’s perpetual market shrank by $245.7 million, with Open Interest now at $2.6 billion. It’s like Bridget’s bank account after a shopping spree-not looking great.

Price Outlook: Will XRP Get Its Happy Ending?

Chart analysis is as indecisive as Bridget choosing between Mark and Daniel. The next moves will determine whether XRP gets its happily ever after or ends up in a messy breakup. If bearish pressure continues, XRP could test the lower demand zone (think Bridget hitting rock bottom before the big turnaround). But if bullish momentum returns, it might rally toward $1.67, like Bridget finally getting her act together.

However, if selling pressure persists, XRP could break below the descending channel, trending toward $1.11. That’s the equivalent of Bridget moving back in with her parents. Let’s hope it doesn’t come to that!

On a broader scale, XRP is stuck in a descending channel, like Bridget trapped in her own insecurities. But remember, darling, this pattern is traditionally bullish once the price breaks above the upper resistance zone. So, there’s hope yet for a happy ending!

For now, perpetual traders are calling the shots, but long-term fundamentals are like Mark Darcy-steady, reliable, and waiting for the right moment to sweep XRP off its feet.

Will XRP Get Its Mark Darcy Moment?

  • XRP fundamentals are as solid as Mark Darcy’s character-holders are at an all-time high of 507,110.
  • Perpetual traders are the Shazzer of this story, driving declines as capital tilts toward bears.

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2026-02-17 02:01