The post XRP Price Holds $2.50 Support Despite 580% LTH Sell-Off appeared on BitcoinEthereumNews.com.

Glassnode data shows XRP long-term holders spiked their daily spending by 580% to $260 million. This massive profit-taking from veteran holders pressured the price, but the crucial $2.50 support level is holding firm. Analysts note this market conflict, where new demand absorbs the sell-off, mirrors XRP’s 2017 breakout pattern. XRP’s price is facing renewed selling pressure, creating a conflict in market sentiment. The token’s value has declined 27% since early August, dropping from $3.30 to $2.40. According to Glassnode, this drop coincides with a 580% surge in daily spending from long-term holders (pre-November 2024).  This cohort has increased its profit-taking from $38 million to $260 million per day. While this distribution adds downward pressure, technical indicators suggest a major upward shift may be forming if key support holds.  Since early August, XRP price has dropped from $3.3 to $2.4 (-27% 🔽).At the same time, long-term holders who accumulated before Nov 2024 ramped up their spending by ~580%, from $38M/day to $260M/day (7D-SMA) A clear sign of seasoned traders exiting and adding pressure to… pic.twitter.com/q5h02AsdrJ — glassnode (@glassnode) October 31, 2025 Why Are Veteran Holders Selling XRP? This 580% spike in spending confirms that hodler wallets are actively distributing XRP, likely to capitalize on prior gains. Such exits often precede consolidation phases as early participants reduce exposure.  Related: XRP Price Prediction: XRP Poised for Breakout Ahead of ETF Approval Analysts are now watching to see if this is a healthy correction or the start of a deeper downturn. The $2.50 region is the pivotal support level traders are monitoring. XRP Technicals: $2.50 Support vs. Long-Term Breakout Pattern Market analyst ChartNerd noted that XRP’s weekly chart reveals a powerful Fibonacci confluence. The coin recently broke from a prolonged consolidation, echoing a 2017 pattern.  Source: X The analysis suggests that if XRP sustains…

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Filed under: News - @ October 31, 2025 11:56 pm