XRP Faces Capitulation as Long-Term Holders Sell
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XRP's recent price action suggests a shift from typical underperformance to potential capitulation, as data from Glassnode reveals long-term holders who purchased above $2 are now realizing significant losses. This cohort has been offloading positions at a rate of $20 million to $110 million daily, indicating mounting pressure from trapped buyers seeking exits.
Such sustained selling pressure transforms every price rebound into a new resistance zone, as these holders use temporary recoveries to cut losses. This dynamic creates a challenging environment for XRP, with the asset struggling to build momentum amid persistent distribution from its investor base.
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