Long-held Ripple XRPUSD tokens moved addresses during the intraday trading session on May 16.

XRP long-term holders rarely move their tokens around. So when they do, it hints at a shift in market trends.

Ripple Traders Make Calculated Moves

An on-chain assessment of XRPs performance revealed a significant spike in its Age Consumed metric on May 16. On that day, the metrics value was 222 billion.

This metric tracks the movement of XRP tokens held for a long period of time. It helps gauge the sentiment of the tokens long-term holders. This cohort of investors rarely moves their tokens around. Therefore, when they do, it is often followed by a shift in market trends. 

When XRPs Age Consumed metric spikes, many tokens left dormant for a long time are beginning to change hands. 

While this may mean that the tokens long-term holders are selling their coins, this is not always the case. Sometimes, it connotes a surge in overall trading activity, not necessarily from long-term holders selling.

In XRPs case, the rally in its price confirmed that the surge in Age Consumed was due to an overall increase in trading activity and not because long-term holders were selling.

In fact, on May 16, XRPs price climbed above its 20-day Exponential Moving Average (EMA), which is where it currently trades. 

When an assets price rallies above this key moving average, its current value surpasses its average price in the past 20 days. It is regarded as a bullish signal. 

At press time, XRP trades at $0.52.

XRP Price Prediction: A Rally to Follow?

For the first time since May 8, XRPs Elder-Ray Index posted a positive value on May 16. This indicator tracks the relationship between the strength of the tokens buyers and sellers in the market.

When its value is positive like this, it means that bull strength dominates the market. As of this writing, XRPs Elder-Ray Index remained positive at 0.0065. 

Further, the altcoins Money Flow Index (MFI) rested above its neutral 50 level at 56. This showed that buying pressure exceeded token sell-offs among market participants.

If the current market trend is sustained and accumulation climbs, XRPs price might rally toward $0.53 and then $0.57.

However, if XRPs long-term holders begin to sell their tokens, it may put downward pressure and cause it to trade at the $0.48 level.

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