In accordance with BeInCrypto, XRP is facing renewed selling pressure as long-term holders accelerate profit-taking, contributing to the token’s recent price decline. Glassnode data shows a 240% increase in profit-realization activity since September, rising from $65 million to $220 million per day. This trend has emerged as XRP’s price fell from $3.09 in September to around $2.30, signaling a shift in investor behavior. Long-term investors are selling into weakness, reflecting fading confidence in XRP’s near-term upside. Despite this, Ripple’s legal settlement with the SEC and recent strategic moves, including a $500 million fundraise and acquisitions, are seen as supportive of XRP’s fundamentals. Market observers also highlight the potential impact of ETF-related developments on stabilizing sentiment.
XRP Long-Term Holders Accelerate Profit-Taking Amid Price Decline
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