Was XRP’s Price Bounce Exit Liquidity as Holders Dumped 90%?

XRP rebounded more than 30% from an early February low near $1.12, briefly pushing toward the $1.50 zone and improving momentum as a breakout pattern formed. On the surface the move looked constructive, but on-chain metrics suggest many holders used the rally to exit losing positions rather than to accumulate.

Technically, XRP trades inside a falling wedge on the 12-hour chart with a 56% breakout potential, but it must first reclaim the 20-period EMA to activate that setup. Momentum showed a bullish divergence between January 31 and February 9, yet technical patterns require holders to remain invested to sustain a trend change.

The Spent Output Profit Ratio (SOPR) remained below 1 for more than ten consecutive days, signaling continued loss-selling despite the price recovery.

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