• Glassnode data shows XRP long-term holders spiked their daily spending by 580% to $260 million.
• This massive profit-taking from veteran holders pressured the price, but the crucial $2.50 support level is holding firm.
• Analysts note this market conflict, where new demand absorbs the sell-off, mirrors XRP’s 2017 breakout pattern.

XRP’s price is facing renewed selling pressure, creating a conflict in market sentiment. The token’s value has declined 27% since early August, dropping from $3.30 to $2.40. According to Glassnode, this drop coincides with a 580% surge in daily spending from long-term holders (pre-November 2024). 

This cohort has increased its profit-taking from $38 million to $260 million per day. While this distribution adds downward pressure, technical indicators suggest a major upward shift may be forming if key support holds. 

Read The Full Article XRP’s Market Conflict: Long-Term Holders (LTHs) Are Selling, but $2.50 Support Won’t Break On Coin Edition.

• Glassnode data shows XRP long-term holders spiked their daily spending by 580% to $260 million.
• This massive profit-taking from veteran holders pressured the price, but the crucial $2.50 support level is holding firm.
• Analysts note this market conflict, where new demand absorbs the sell-off, mirrors XRP’s 2017 breakout pattern.

XRP’s price is facing renewed selling pressure, creating a conflict in market sentiment. The token’s value has declined 27% since early August, dropping from $3.30 to $2.40. According to Glassnode, this drop coincides with a 580% surge in daily spending from long-term holders (pre-November 2024). 

This cohort has increased its profit-taking from $38 million to $260 million per day. While this distribution adds downward pressure, technical indicators suggest a major upward shift may be forming if key support holds. 

Read The Full Article XRP’s Market Conflict: Long-Term Holders (LTHs) Are Selling, but $2.50 Support Won’t Break On Coin Edition.