Altcoins News
By Julie Binoche
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XRP Slides While Market Remains Relatively Stable. Compared to the broader crypto market, XRP’s recent performance stands out for all the wrong…
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Ripple Co-Founder’s XRP Transfer Fuels Sell-Off Fears. A major catalyst behind XRP’s poor performance was a large transaction linked to Ripple co-founder…
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Over 90% of XRP Supply in Profit: A Recipe for Profit-Taking. Another key factor behind XRP’s steep decline is the high percentage of the token’s supply…
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Short-Term Holders Could Add to Selling Pressure. Glassnode’s data also reveals that many of XRP’s recent buyers—those who entered the market within…
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What’s Next for XRP?. With the $3 price mark now at risk, XRP’s next moves will likely depend on a combination of…
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Conclusion. XRP’s sharp decline over the past week highlights how sensitive the market remains to whale…
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XRP has found itself under intense selling pressure over the past week, becoming one of the worst-performing major cryptocurrencies.
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This drop followed closely on the heels of XRP’s recent price peak above $3.60. The abrupt reversal has triggered concerns that a larger correction may be in play, with technical…
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The timing of these transfers—just as XRP approached its recent high of $3.60—fueled speculation that insiders were cashing out at the top.
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In contrast, Ethereum’s supply in profit stands at around 84.7%—still below the so-called “overheated” threshold.
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This wave of profit-taking can create downward pressure, especially when combined with bearish headlines and influential whales moving large amounts of tokens.
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Glassnode’s data also reveals that many of XRP’s recent buyers—those who entered the market within the past 1 to 3 months—purchased the asset at prices ranging between $2.
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Now, as the price drops closer to their entry levels, many of these short-term investors may be considering exiting their positions to secure remaining profits or limit losses.
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Short-term realized price levels now sit between $2.30 and $2.80, suggesting XRP may continue to correct in the near term unless buyers step in aggressively to reverse the trend.
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With the $3 price mark now at risk, XRP’s next moves will likely depend on a combination of technical support levels, broader market sentiment, and any further whale activity.
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