XRP Investors Cash Out $1.6 Billion Amid Market Stagnation

 XRP investors have taken significant profits, cashing out $1.6 billion in just 24 hours as the cryptocurrency faces six weeks of price stagnation. This activity saw nearly 695 million XRP tokens sold, reflecting growing frustration among traders during a prolonged consolidation phase.

The surge in selling pressure is typical in periods of limited price movement, where traders often capitalize on existing gains rather than waiting for uncertain upward momentum. This trend has added to XRP’s struggles to break out of its current range.

Despite the short-term sell-off, long-term holders of XRP remain steadfast, acting as a stabilizing force. Their commitment helps prevent more severe price declines, maintaining market balance amid heightened volatility.

As the market watches for signals of a breakout or further consolidation, the resilience of long-term holders could play a crucial role in determining XRP’s next move.