The post Can XRP Price Touch $3 in September? appeared on BitcoinEthereumNews.com. Ripple’s XRP has steadily declined since September 18, shedding roughly 7% of its value over the past week.  The token’s struggles have raised questions about whether it can reclaim the highly coveted $3 price range before the month closes. Sponsored Sponsored XRP Faces Selling Pressure as Key Holders Offload According to Glassnode, XRP short-term holders (STHs), defined as those holding coins for 1–3 months, have steadily reduced their holdings over the past few days, adding to the downward pressure on the token.  The HODL Waves metric, which tracks how long coins are held across different investor groups, shows a clear decline in STH holdings since September 21. As of this writing, XRP STHs control 10.72% of the token’s circulating supply, down 5% in three days. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. XRP HODL Waves. Source: Glassnode This trend is significant because STHs often control a sizable portion of an asset’s circulating supply and are typically quick to respond to market conditions. Therefore, when they start to sell like this, an asset’s decline could worsen. This raises concerns about XRP’s ability to reclaim key price levels in the near term. Further, XRP’s large investors have also gradually reduced their holdings this week, a trend that could further weigh on the market. According to Santiment, whales that hold between 10 million and 100 million tokens have sold 90 million XRP since September 19.  Sponsored Sponsored XRP Supply Distribution. Source: Santiment This sell-off by major holders could negatively impact market sentiment, as large-scale distributions signal a lack of confidence in near-term price stability. Such moves may trigger additional selling from smaller investors, putting further downward pressure on XRP’s price.  Will XRP Hold or Fall?  Technical indicators add to… The post Can XRP Price Touch $3 in September? appeared on BitcoinEthereumNews.com. Ripple’s XRP has steadily declined since September 18, shedding roughly 7% of its value over the past week.  The token’s struggles have raised questions about whether it can reclaim the highly coveted $3 price range before the month closes. Sponsored Sponsored XRP Faces Selling Pressure as Key Holders Offload According to Glassnode, XRP short-term holders (STHs), defined as those holding coins for 1–3 months, have steadily reduced their holdings over the past few days, adding to the downward pressure on the token.  The HODL Waves metric, which tracks how long coins are held across different investor groups, shows a clear decline in STH holdings since September 21. As of this writing, XRP STHs control 10.72% of the token’s circulating supply, down 5% in three days. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. XRP HODL Waves. Source: Glassnode This trend is significant because STHs often control a sizable portion of an asset’s circulating supply and are typically quick to respond to market conditions. Therefore, when they start to sell like this, an asset’s decline could worsen. This raises concerns about XRP’s ability to reclaim key price levels in the near term. Further, XRP’s large investors have also gradually reduced their holdings this week, a trend that could further weigh on the market. According to Santiment, whales that hold between 10 million and 100 million tokens have sold 90 million XRP since September 19.  Sponsored Sponsored XRP Supply Distribution. Source: Santiment This sell-off by major holders could negatively impact market sentiment, as large-scale distributions signal a lack of confidence in near-term price stability. Such moves may trigger additional selling from smaller investors, putting further downward pressure on XRP’s price.  Will XRP Hold or Fall?  Technical indicators add to…