Top Analyst Explains Why XRP Holds Up Better Than Others

A prominent crypto analyst has shared insights into why XRP’s price has remained relatively stable amid the recent market downturn affecting most altcoins.

The broader crypto market has witnessed heightened volatility over the past few weeks, with prices of major crypto assets retracing sharply at the start of November

Despite this widespread decline, XRP has managed to hold firm, showing little movement compared to its peers. Data from CoinMarketCap showed that XRP’s price hovered around the $2.50 region within the first few days of November

Why XRP Has Been Stable

Popular crypto pundit DonAlt attributed XRP’s resilience to the nature of its holder base. Unlike many newer crypto projects that attract short-term traders constantly hopping between tokens for quick profits, DonAlt suggested that the XRP community is primarily made up of older, long-term investors

Instead, they have a more profound conviction in XRP’s long-term potential, often tied to its real-world use cases in payments and banking, as well as loyalty built over the years.

The analyst noted that while younger traders, referred to as “Zoomer children”, tend to exhaust their funds chasing the trending tokens, XRP’s older, long-term investors remain unfazed, choosing to “just chill” even during market downturns

Their reluctance to panic sell during downturns helps dampen volatility and gives XRP a firmer price floor compared to the highly reactive altcoin market

In the meantime, XRP has retraced from the $2.50 mark and is currently trading at around $2.28. It ranks as the fourth-largest crypto by market cap, with a valuation of $137.25 billion. Despite its relative stability, XRP has recorded an 18.29% decline over the past month and is down 9.89% in the past week