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Hold on to your seats, folks! 🚀 Recent Glassnode data shows that XRP investors are cashing in on their gains like there\’s no tomorrow! 🤑
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The firm\’s “Realized Profit” metric is like a magic calculator that figures out the total profit of a digital asset based on the difference between the “buy” and “sell” prices for the tokens. And guess what? The latter is higher! 🤔
\n
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Glassnode noticed that XRP\’s previous profit realization waves aligned with price rallies. Long-term holders were like, “Hey, I\’ve got a profit to make! Time to sell!” 🤑 and secure significant gains.
\n
But this time, profit realization skyrocketed during a massive correction! 🚨 The price of XRP plummeted from $3.09 to $2.3 since late September. Ouch! 🤕 During the plunge, the 7-day moving average of XRP\’s profit realization volume surged from $65 million per day to $220 million per day, up 240%! 🤯
\n
In late October, Glassnode revealed that seasoned traders were offloading the token en masse. It was like a fire sale! 🚨
\n
Bullish news fails to lift XRP 🚀
\n
At press time, XRP is trading at $2.29, according to CoinGecko data, after tanking by more than 9% over the past week. 😩
\n
The price of XRP is in the red on a weekly basis, despite the recent Ripple Swell event, which featured Nasdaq CEO Adena Friedman and U.S. digital asset advisor Patrick Witt among its high-profile speakers. 🤔
\n
All the bullish catalysts, like Ripple\’s $500 million funding round, the acquisition of crypto custody firm Palisade, and the XRP Ledger-focused collaboration with Mastercard, failed to lift the price of the struggling token. 🚀💔
\n
Even Franklin Templeton and other ETF issuers updating their S‑1 forms for spot\u202fXRP ETFs couldn\’t get the bulls back in the driver\’s seat. 🚗
\n
Judging by the recent data, intense profit-taking remains a major headwind for XRP. It\’s like trying to fly a kite in a hurricane! 🌪️ Even a slew of bullish catalysts can\’t make it ride it out. 😅
\n
Hold on to your seats, folks! 🚀 Recent Glassnode data shows that XRP investors are cashing in on their gains like there’s no tomorrow! 🤑
The firm’s “Realized Profit” metric is like a magic calculator that figures out the total profit of a digital asset based on the difference between the “buy” and “sell” prices for the tokens. And guess what? The latter is higher! 🤔
Glassnode noticed that XRP’s previous profit realization waves aligned with price rallies. Long-term holders were like, “Hey, I’ve got a profit to make! Time to sell!” 🤑 and secure significant gains.
But this time, profit realization skyrocketed during a massive correction! 🚨 The price of XRP plummeted from $3.09 to $2.3 since late September. Ouch! 🤕 During the plunge, the 7-day moving average of XRP’s profit realization volume surged from $65 million per day to $220 million per day, up 240%! 🤯
In late October, Glassnode revealed that seasoned traders were offloading the token en masse. It was like a fire sale! 🚨
Bullish news fails to lift XRP 🚀
At press time, XRP is trading at $2.29, according to CoinGecko data, after tanking by more than 9% over the past week. 😩
The price of XRP is in the red on a weekly basis, despite the recent Ripple Swell event, which featured Nasdaq CEO Adena Friedman and U.S. digital asset advisor Patrick Witt among its high-profile speakers. 🤔
All the bullish catalysts, like Ripple’s $500 million funding round, the acquisition of crypto custody firm Palisade, and the XRP Ledger-focused collaboration with Mastercard, failed to lift the price of the struggling token. 🚀💔
Even Franklin Templeton and other ETF issuers updating their S‑1 forms for spot XRP ETFs couldn’t get the bulls back in the driver’s seat. 🚗
Judging by the recent data, intense profit-taking remains a major headwind for XRP. It’s like trying to fly a kite in a hurricane! 🌪️ Even a slew of bullish catalysts can’t make it ride it out. 😅
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2025-11-09 11:20