$XRP Recently, Ripple (XRP) experienced a decline that wiped out the gains achieved earlier in the week. This drop and panic selling by investors have heightened market fears.
Despite current challenges, many Ripple (XRP) traders are not succumbing to panic.
Ripple investors are shifting to selling
In the last 24 hours, investors sold 116.72 million XRP tokens worth over $256 million. The panic sell-off is driven by fears of further price declines. This prompts traders to leave the market to avoid additional losses. The overall market correction has intensified this trend, as holders sought to protect their profits.
This massive sell-off highlights the growing uncertainty among Ripple holders, especially under pressure from altcoins. Although market conditions are unfavorable, traders are acting more out of fear than analysis. Such uncertainty may lead to greater volatility in the coming days if a recovery does not occur.
Despite the bearish market and sell-offs, the funding rate for XRP remains positive. This indicates that there are traders confident in the asset's potential even in a downturn. They are betting on future price growth, demonstrating confidence in Ripple's long-term potential. A positive funding rate suggests that many believe the downturn is temporary. Such support, even amid a market correction, underscores the potential for recovery.
