📊 XRP Takes Center Stage: Profit-Taking Volume Reaches $375 Million – Highest Since December 2024! 🚀
XRP has recently experienced a significant wave of profit-taking, with Glassnode data showing that the profit-taking trading volume reached $375 million on July 24, the highest level since the rally in December 2024.
💡 Key Points:
The primary reason was the sudden collapse of XRP's price on July 23 by 10.34% in a single day.
Traders who have held the currency for more than two years contributed the largest share of the profit-taking volume.
Even after the decline, 93% of XRP wallets remained in profit, indicating the currency's ability to recover quickly.
This data reflects a recurring pattern; in December 2024, when XRP rose by nearly 290%, a similar wave of profit-taking occurred.
📈 Brief Analysis:
XRP has shown strong resilience despite recent declines.
Expert forecasts indicate that profit-taking may continue, but the currency still retains most of its value with signs of recovery.
Long-term investors (HODLers) are supporting price stability in such cases.
⚠️ Disclaimer: The content is for informational purposes only and is not investment advice. It is always recommended to conduct personal research before making any financial decisions.
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