Recent data from Glassnode reveals that XRP holders realized the highest profits in almost a year, with a whopping $375 million in profit being distributed on July 24th. This event marks the highest distribution since the substantial surge observed in December 2024. The month saw XRP climb to new highs early in July, reaching $3.66 before experiencing a significant 10.34% drop on July 23rd – its largest intraday slide in three months. This downturn triggered a wave of panic selling and profit-taking, with long-term holders, those holding for two years or longer, playing the biggest role in this surge. This is reminiscent of December 2024’s massive rally which saw XRP soar nearly 290% within six weeks before investors rushed to cash out, causing a significant price correction. After the July 24th sell-off, XRP briefly held above $3, but heavy distribution eventually led to a 13.2% drop by August 2nd. However, despite the setback, the cryptocurrency has since rebounded, although analysts remain concerned about ongoing profit-taking pressure, which could continue to influence price volatility. #XRP #Ripple