XRP Plummets 27% Post Seasoned Trader Exit: Whales Drive Selling Pressure

The XRP price has experienced a significant decline, dropping nearly 27% since early August. This steep drop from $3.3 to $2.4 is reflected in on-chain analytics by Glassnode, which shows a surge in selling activity specifically from long-term holders who accumulated their XRP before November 2024. Long-term holders have increased their spending volume dramatically, jumping from $38 million per day to $260 million per day (7-day SMA). 🧐 This surge in spending suggests that seasoned traders are exiting the market and potentially taking profits or reducing exposure after XRP’s mid-year rally.