#xrp
$40B in XRP Hits Exchanges – Profit-Taking to Blame for Extended Downtrend?
XRP is under pressure again as over 17 billion XRP—worth more than $40 billion—was sent to Binance in just 7 days. This massive inflow signals that investors are locking in profits after recent gains, raising fears of a price correction and extending the altcoin’s four-month downtrend.
The selling surge resembles a similar pattern from February 2024, which preceded a notable price drop.
Why it matters:
Such large-scale sell-offs reflect investor caution and uncertainty. Holders seem unwilling to risk further losses, possibly stalling XRP’s recovery and weakening market sentiment.
Is this the start of another dip or just a healthy correction?
Join the discussion and share your thoughts below!
#XRP #CryptoNews #BinanceSquare #CryptoMarket #ProfitTaking #Altcoins
