XRP Long-Term Holders Selling: 2-3 Year Holders Drop 8.6% in One Month

⬤ Fresh data from Glassnode shows something interesting happening with XRP’s long-term investors. In the past month, holders who’ve been sitting on their coins for 2-3 years massively reduced their positions - we’re talking a drop from 14.3% down to 5.7% of the total supply. That’s a pretty dramatic move for investors who typically don’t panic sell at every market hiccup.

⬤ So what’s driving this? These 2-3 year holders are usually the steady hands in the market, but something’s clearly changed their minds. Maybe they’re cashing out profits, or perhaps they’re worried about where XRP’s headed next. Whatever the reason, when this type of investor starts selling in big numbers, it’s worth paying attention to.

⬤ Here’s the surprising part though - despite all this selling, XRP’s price has held pretty steady around $1.85. The market seems to be soaking up the supply without much drama, which suggests new buyers are stepping in to fill the gap. But if this selling continues and fresh demand doesn’t keep up, we could see some real price pressure down the road.