Why Mature Investors Could Provide a Lifeline to XRP Prices in July

XRP has recently witnessed a price recovery, which aligns with changes in investor behavior. This altcoin is benefiting from investors choosing to HODL, facilitating the potential for recovery in the coming days.

This shift in sentiment is key to reversing the losses seen in June and pushing XRP back above important barriers.

Mature XRP Investors

XRP addresses holding tokens for 6 to 12 months have significantly increased this month, rising 12.8% to 19.1%. This increase in medium-term investors indicates strong confidence in the asset's future.

The rise of long-term investors reflects growing belief that prices will recover despite recent volatility.

Moreover, those who have owned XRP for 3 to 6 months have changed their behavior towards HODLing instead of selling. This maturity in investor psychology shows confidence that XRP prices will recover.

The increase in medium-term investors plays a crucial role in stabilizing the asset and supporting its price recovery.

Looking at macro dynamics, Mean Coin Age (MCA) has shown continuous growth throughout this month.

MCA reflects long-term investors' (LTHs) behavior, and its increase indicates that LTHs are choosing to accumulate XRP instead of selling. This is a positive sign, as LTHs significantly influence the asset's price.

The increasing accumulation by LTHs further strengthens the price appreciation prospects for XRP. Since LTHs hold the largest quantities, their decision to hold rather than sell ensures stability and helps support price recovery.

This accumulation behavior is likely to help XRP regain its position and potentially reach higher prices.

XRP Price Needs to Overcome Important Barriers

XRP is currently trading at $2.19, just below the critical resistance level of $2.23. Breaking through this resistance is essential for the altcoin to continue recovering from the losses seen in June.

If XRP can break $2.23 and turn it into support, the next target will be $2.27.

If XRP's price can maintain momentum and stay above $2.23, it could continue rising to $2.32, fully recovering from June's losses. This would mark a significant turning point in the recovery phase and set the stage for further growth.

However, if XRP cannot break through $2.23, it may continue oscillating between the $2.23 resistance and $2.13 support.

A drop below $2.13 would invalidate the bullish argument, pushing XRP back to $2.08, which would signal a reversal and further price decline.