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Crypto analyst Steph Is Crypto has published a tweet stating that long-term XRP holders are leaving the market, accompanied by a video analysis and on-chain data visualization.
The post centers on changes in the behavior of XRP holders who maintained their positions for two to three years, a group the analyst describes as midterm to long-term participants. According to the data presented, this cohort has reduced its share of the total XRP supply sharply over a relatively short period.
The chart shown in the video focuses on wallets holding XRP for 2 years and 3 years. Steph Is Crypto explains that these holders are often monitored during late-stage bearish conditions, as their actions can signal whether a market is nearing exhaustion. The analyst notes that, historically, a full market reset requires capitulation not only from short-term participants but also from midterm holders.
Supply Share Drops From 14.5% to Near 5%
In the video, Steph Is Crypto points to data beginning in early December, stating that holders in the two-to-three-year range began selling at an accelerated pace.
According to the chart, this group’s share of the total XRP supply declined from approximately 14.5% to around 5%. The analyst emphasizes that this represents a substantial reduction, given that the cohort previously controlled close to 15 percent of all circulating XRP.
The highlighted area on the chart illustrates the speed and scale of this change. Steph Is Crypto describes the move as a clear example of capitulation, adding that it has occurred over roughly two months. He states that the ongoing reduction suggests that selling pressure from this holder group has not yet fully concluded.
Implications for Market Structure
Steph Is Crypto argues that this type of capitulation is a necessary condition for a future trend reversal. In the video, he suggests that participants who remain engaged during this phase may have an informational advantage over those who have already exited the market. His commentary frames the data as evidence that a key phase of the bearish cycle has been, or is currently being, fulfilled.
The analyst stresses that the magnitude of the supply shift matters more than short-term price action. By his assessment, the exit of a holder group controlling such a large portion of XRP supply reflects a meaningful structural change in ownership distribution.
Community Response Adds Context
Taken together, the tweet, video commentary, and on-chain chart present a data-driven view of recent XRP holder behavior. The response highlights the need to interpret such shifts within a broader analytical context.
Disclaimer*: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.*