$XRP

Profit-Taking & Whale Activity

XRP reached $3.65 on July 18—approximately 11% below its all-time high—triggering around $325 million in futures liquidations over the following two weeks. The resolution of the SEC lawsuit has enabled long-term holders to cash in on substantial gains, with annual returns exceeding 444%.

While profit-taking after a strong rally is typical market behavior, the pace intensified following news that Ripple CTO David Schwartz confirmed the XRP Ledger is now technically prepared for institutional adoption. This catalyst appears to have spurred a classic "sell the news" response.

Key Data Point:
Active addresses on the XRP network have declined by 43% since July 18, dropping from 25,000 to 14,000—a sign of weakening on-chain activity and reduced demand momentum.