XRP Defies Bear Market Pressure - Long-Term Holder Confidence Shines Through

XRP holders aren't blinking during the market downturn.

The Unshakeable Faith

While other cryptocurrencies wobble, XRP's core community stands firm. Long-term investors continue accumulating positions despite broader market pessimism - a classic case of diamond hands meeting institutional-grade patience.

Market Resilience in Action

XRP's price action tells the real story. The token consistently demonstrates stronger support levels than most altcoins during corrections. Veteran traders recognize this pattern - when weak hands panic sell, committed holders see discount shopping opportunities.

The Institutional Angle

Behind the retail enthusiasm lies growing institutional interest. Major financial players quietly building XRP positions while publicly pretending to care about traditional stocks - because nothing says sophisticated investing like chasing 8% bond yields during 20% crypto rallies.

Market veterans know the drill: when mainstream media declares crypto dead, that's usually the signal to buy. XRP's long-term holders clearly got the memo.

Tech, Pharmaceutical Earnings Reports in Focus

Advanced Micro Devices will report on Tuesday, and investors will likely want to hear more about recent deals like the one signed in October to supply AI chips to Oracle. Other chipmakers are on the corporate earnings calendar this week, including Qualcomm, which last week unveiled two new AI chips for data centers. Chip designer Arm Holdings is also scheduled to report this week. 

In other tech-related reports, Palantir’s earnings on Monday come as the software maker’s shares have more than doubled this year on strong demand for its AI platforms. Cloud network provider Arista Networks is also on the calendar on Tuesday.

Novo Nordisk reports on Wednesday, and the Maker of Ozempic faces pressure from President Donald Trump over the costs of the weight loss treatment, which he said should run about $150 a month instead of the more than $1,000 it costs now. Other noteworthy pharmaceutical firms to report this week include Amgen, Pfizer, and AstraZeneca, and they come as firms have made deals to lower drug prices in response to Trump's threat of hefty pharmaceutical tariffs. 

Several key firms in the so-called “gig economy” are also expected to report this week, including ride-sharing app Uber, food delivery service DoorDash, and property-rental app Airbnb.

Private-Sector Jobs Data, Consumer Credit, Fed Speakers Highlight Limited Economics Calendar

While the Federal Reserve has raised worries over the health of the labor market, the government shutdown is again expected to keep officials guessing over employment levels in the U.S. Originally scheduled for Friday, the Bureau of Labor Statistics' monthly employment report for October is expected to be delayed due to the work stoppage. 

It WOULD be the second straight monthly jobs report delayed due to the shutdown, which is entering its second month. Data on factor orders, the U.S. trade balance, and job openings are also likely to be delayed due to the shutdown.

Market watchers won’t be totally in the dark when it comes to jobs in the U.S., as the private-sector ADP employment report remains scheduled for release on Wednesday. The closely followed ISM surveys on the manufacturing and services sectors are also scheduled this week, giving investors some indications on employment and pricing in those sectors. The Fed’s report on consumer credit and the University of Michigan's consumer sentiment survey are also expected this week. 

Remarks from Philadelphia Fed President Anna Paulson, St. Louis Fed President Alberto Musalem, and New York Fed President John Williams will also be of note after the central bank last week cut interest rates for the second time this year. 

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This Week’s Calendar

• ISM manufacturing PMI (October)
• Data Delayed by the Shutdown: Construction spending (September)
• Other Data to Watch: S&P U.S. manufacturing PMI (October)
• Key Earnings: Palantir (PLTR), Vertex Pharmaceuticals (VRTX), Williams Companies (WMB), Simon Property Group (SPG)

• Data Delayed by the Shutdown: Trade balance (September), factory orders (September), job openings (September)
• Key Earnings: Advanced Micro Devices (AMD), Shopify (SHOP), Uber Technologies (UBER), Arista Networks (ANET), Amgen (AMGN), Eaton (ETN), Pfizer (PFE), Spotify (SPOT), Ferrari (RACE), BP (BP)

• ADP employment (October)
• Other Data to Watch: ISM services (October), S&P services PMI (October)
• Key Earnings: Toyota Motor (TM), Novo Nordisk (NVO), McDonald’s (MCD), Applovin (APP), Qualcomm (QCOM), Arm Holdings (ARM), Robinhood (HOOD), DoorDash (DASH)

• Federal Reserve Officials Speaking: Philadelphia Fed President Anna Paulson, St. Louis Fed President Alberto Musalem
• Data Delayed by the Shutdown: Initial jobless claims (Week ending Nov. 1). Labor productivity (Q3)
• Tesla shareholder meeting
• Key Earnings: AstraZeneca (AZN), ConocoPhillips (COP), Airbnb (ABNB), Vistra (VST)

• Consumer sentiment (November)
• Data Delayed by the Shutdown: U.S. employment report (October)
• Other Data to Watch: Consumer credit (September)
• Federal Reserve Officials Speaking: New York Fed President John Williams
• Key Earnings: Constellation Energy (CEG), KKR (KKR), Enbridge (ENB), Duke Energy (DUK)
  

One More Thing

The Federal Reserve again cut interest rates last week, potentially leading to reductions in the rates that banks and credit unions pay on high-yield savings account deposits. Investopedia's Sabrina Karl has tips on how savvy savers can lock in better rates for months or years to come.