$BTC $XRP All-Time High Following Increase in Profit-Taking
XRP
XRP price has fallen by 9% since hitting its all-time high of $3.41 on Jan. 16, driven by a steady increase in selling pressure
With the increase in profit-taking, XRP is likely to see continued downward momentum in the near term
XRP traders lock in profits and put pressure on the price
On-chain readings of XRP's Network Realized Profit/Loss (NPL) confirm the increase in profit-taking activity. According to Santiment, this metric has returned positive values persistently over the past week, indicating that XRP holders have been selling their tokens to take profits.
