Peter Smith
● According to STEPH IS CRYPTO, long-term XRP holders offloaded 90.14 million tokens in a single day, one of the biggest selloffs this year. Glassnode data shows this represents a 2,647% spike in selling compared to two weeks earlier, when only 3.28 million XRP changed hands. Despite XRP trading steadily around $2.44, the sharp red bars on the chart reveal that patient investors are heading for the exits.
● This kind of mass exit from long-term holders usually points to fading confidence and a shift toward quick flips rather than holding. Analysts warn that if this keeps up, the market could get shakier — fewer committed holders means bigger swings when selling hits.
● The timing isn't great either. Bitcoin's stuck below key resistance levels, and altcoins are seeing less money flow in. While XRP's fundamentals look solid thanks to Ripple's expansion work and stablecoin projects, early holders cashing out could cap any upside momentum for now. On-chain metrics suggest prices might stay under pressure until fresh buying shows up around the $2.30–$2.40 range.
● There's a disconnect here: Ripple's long-term vision — pushing into regulated markets and tokenizing assets — remains strong, but short-term investor mood keeps swinging with broader market trends. Glassnode's chart shows XRP's long-term holder position went negative for the first time in weeks, a sign of growing caution.
Peter Smith
