XRP Plunges 27% as Whales Flee 🚀💸🐳

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Ah, the fickle dance of the markets! XRP, once a darling of the crypto sphere, has tumbled like a drunken peasant at a village fair, dropping nearly 27% since early August. From its lofty perch of $3.3, it now wallows at $2.4, according to the ever-watchful Glassnode. 🕵️♂️📉

What precipitated this fall from grace? The long-term holders, those wise (or weary) souls who accumulated their XRP before November 2024, have decided to part ways with their digital treasure. Their spending volume surged by a staggering 580%, from a modest $38 million per day to a princely $260 million. 🤑💨

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… 🧐📊

– glassnode (@glassnode) October 31, 2025

Ah, the seasoned traders! They flee like rats from a sinking ship, their pockets lined with profits, leaving the rest to ponder the wreckage. Is it greed? Prudence? Or merely the cold calculus of the market? 🧮❓

Whales Lead the Exodus

The on-chain data, that modern oracle, reveals that the XRP whales-those leviathans of the crypto sea-have been the chief architects of this sell-off. They accumulate in the shadows of uncertainty and distribute in the light of rallies, ever shaping the mid-term price structure. 🐳🌊

This transition from accumulation to distribution is a familiar tale, a prelude to short-term corrections before the market finds its new equilibrium. Yet, one cannot help but wonder: is this the end, or merely a pause in the grand drama? 🎭

Crypto analyst Altcoin Gordon, ever the optimist, suggests that the next key support zone lies near $2.69. A lifeline, perhaps, or merely a fleeting respite? 🛟

$XRP finding key support at a key level. Targeting $2.69 next. Do you understand? 🤔💭

– Gordon (@AltcoinGordon) October 30, 2025

Glassnode’s data paints a picture as old as the markets themselves: when seasoned holders spend heavily during price weakness, it is not panic but profit-taking that drives them. Yet, with XRP testing multi-month support, the question lingers: will institutional demand step in to absorb this selling pressure, or will the bears have their day? 🐻🤷♂️

In the end, the market is a mirror, reflecting not just the whims of traders but the human condition itself-greed, fear, hope, and despair, all swirling in a chaotic ballet. And so, we watch, we wait, and we wonder: what will the next act bring? 🎭🤹♂️

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2025-10-31 18:29