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The biggest beneficiaries of the XRP surge sold tokens worth USD 68.5M every day.
XRP could drop by 35%, potentially returning to the range of USD 1.35–USD 1.60, according to technical and on-chain metrics.
Key conclusions:
The most profitable XRP investors are making over USD 68 million in daily profits, reflecting the period before the market peak of 2017.
More than 70% of the realized market cap of XRP has been formed since the end of 2024, making the market highly volatile and vulnerable to significant sell-offs.
If sales by new holders continue, XRP risks a 35% drop towards the range of USD 1.35 – USD 1.60.
XRP traders €1.83 who bought before the November 2024 surge, when the token associated with Ripple was trading below USD 0.50, are now making profits at a rate of USD 68.8 million per day (7-day average), according to Glassnode data.