The post This Is Why The XRP Bears Might Be Stronger Than The Bulls appeared on BitcoinEthereumNews.com.

Key Insights: XRP whales are actively cashing out, after realizing $68 million in daily profits on average. Over 70% of XRP’s realized market cap was moved in late 2024 to early 2025. This means that the market is currently in a “top-heavy” structure vulnerable to sharp declines. The SOPR for 3-6 month XRP holders indicates they are barely breaking even, and could be involved in more selling pressure if prices drop. XRP is once again under the spotlight. However, this time around, the narrative is changing from optimism to caution.  Despite the cryptocurrency’s strong rally that took the price close to $2.60 earlier this month, signs are starting to show up, and XRP could be headed for a major correction. Here’s everything to know about the on-chain data and profit-taking by large holders that has been spooking investors Whales Are Cashing Out, $68 Million Per Day According to recent data from Glassnode, some of XRP’s most profitable investors are offloading tokens at alarming levels.  Many of these traders entered positions before XRP broke out in November 2024. This time around, they are now taking in profits of $68 million daily on a seven-day average. XRP’s Realized profit by margin, Source: Glassnode These holders saw their investments grow by more than 300%, with XRP rising from under $0.50 to nearly $2.60 in just a few months. Now that they’re deep in profit, they’re locking in gains.  This trend is now creating sell-side pressure that resembles the pattern seen before XRP’s 2017 market top, when the token jumped above $2.50 before crashing over 90%. Top-Heavy Market Structure Raises Alarm Bells One of the clearest warning signs of this trend is the realized cap concentration metric. According to data from glassnode, over 70% of XRP’s realized market cap was created between 2024 and…

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Filed under: News - @ June 23, 2025 11:27 pm