【Crypto World】XRP has fallen below $2. What does this reflect? Long-term holders are fleeing. Data shows that investors who held XRP for 5 to 7 years took profits of approximately $721.5 million on December 11 and then sold off. What further illustrates the issue is the performance of the US XRP spot ETF—buying volume plummeted by 96.49% from November to December, with only $8.54 million in average daily trading volume remaining by the 16th.
Of course, there is still some support in the market. Although whale trading activity has weakened, there are still buyers on the spot side, providing some short-term buffer for the price. The problem is, if selling pressure continues, the 2.66 billion XRP held on exchanges could become a ticking time bomb. Once this amount is released, the downside could be terrifying.
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MissedTheBoat
· 12-20 18:15
Long-term holders are fleeing, isn't this a top signal? It was about time to liquidate.
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26.6 billion XRP on exchanges, it's really a bomb...
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Damn, a 96% decline, this ETF is doomed.
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Seven-year holders have made enough profit, time to exit. We these bagholders are still here.
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Are the brave still bottom-fishing or are they fools? Can't tell the difference anymore.
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Short-term buffer? That's just a false dawn, feels the same as my market watching.
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Suddenly remembered my original intention when I bought XRP... it has been completely worn down.
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If this continues, retail investors will lose everything, whales have already gone ashore.
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MercilessHalal
· 12-17 20:49
Long-term holders have left, and ETF demand has been cut in half. This is the true reflection of the market.
The 2.66 billion XRP on the exchange is really a ticking time bomb; it will explode sooner or later.
Wait, why are there still people buying the dip? This rhythm is really incredible.
It seems that they didn't sell during the surge, and now they can only suffer losses.
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MetaMisery
· 12-17 20:47
Long-term holders made 700 million in a month and then ran away. Who can blame them? Take profits when you should.
Is the 26.6 billion XRP on the exchange really a time bomb? It feels like it will explode sooner or later.
ETF demand plummeted 96%, this data is a bit scary... Retail investors have all fled.
Still daring to buy the dip now, your courage is impressive.
26.6 billion coins are sitting there, waiting to be dumped, right?
Long-term holders have all run away. What does that mean? What are you guys thinking?
Is XRP really done for this round, or is it just a short-term correction? No idea.
Making profits and then running is the right move. Don’t be greedy, everyone.
Are there still people buying spot? Who’s so aggressive?
Time bombs are just time bombs. Anyway, I didn’t make much profit.
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DegenGambler
· 12-17 20:47
Long-term holders run away, ETF purchases plummeted by 96%, this is the answer
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26.6 billion XRP piled up on exchanges? Wait for the bomb to explode and jump off for free
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Laughing to death, took seven years to make 700 million and then ran, I’m still dreaming of doubling
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Are there still people buying spot? What’s going on, are you out of your mind?
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It’s the story of a ticking time bomb, the crypto world is exploding every day
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Short-term buffer? Don’t bother fooling yourself, this is just creating opportunities for those who are escaping the top
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Brothers, do you really believe XRP can rebound? I think it’s doubtful
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ETF daily average turnover only 8.54 million? Might as well just place a counter order myself
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DeFiDoctor
· 12-17 20:36
The medical record shows that this is a typical long-term holder "mass exit" symptom. A withdrawal of $721.5 million in one go, with ETF trading volume dropping by 96%—the clinical signs are very obvious.
XRP drops below $2: Long-term holders significantly reduce holdings, spot ETF demand plummets 96%
【Crypto World】XRP has fallen below $2. What does this reflect? Long-term holders are fleeing. Data shows that investors who held XRP for 5 to 7 years took profits of approximately $721.5 million on December 11 and then sold off. What further illustrates the issue is the performance of the US XRP spot ETF—buying volume plummeted by 96.49% from November to December, with only $8.54 million in average daily trading volume remaining by the 16th.
Of course, there is still some support in the market. Although whale trading activity has weakened, there are still buyers on the spot side, providing some short-term buffer for the price. The problem is, if selling pressure continues, the 2.66 billion XRP held on exchanges could become a ticking time bomb. Once this amount is released, the downside could be terrifying.