XRP Price Rally: Major Holders Sell $68.5M Daily
During the current XRP price rally, large holders are selling approximately $68.5 million worth of tokens daily. This trend echoes behavior seen before the 2017 market peak, where similar profit-taking preceded a significant correction. Data shows over 70% of XRP‘s realized market cap formed since late 2024, creating a top-heavy market structure vulnerable to volatility.
Market Trends and Historical Context
Investors who acquired XRP before November 2024 are now realizing profits averaging $68.8 million per day. This mirrors the 2017 cycle when XRP surged from $0.005 to over $2.50 within a year before declining sharply.
Potential Market Impact
Continued selling pressure could push XRP prices down 35% toward the $1.35–$1.60 range. Key indicators like the Spent Output Profit Ratio (SOPR) and realized price metrics suggest newer investors may face breakeven pressures soon.
Key Market Observations
- Profit-taking exceeds 300% returns for early investors
- $1.30 price floor suggests potential bearish reversal
- 50-week moving average could determine future price direction
Market Outlook
While current trends suggest caution, a sustained move above key technical levels could invalidate bearish scenarios. Market participants should monitor on-chain metrics and exchange flows for clearer signals.
