XRP is experiencing increased selling pressure as long-term holders cash out, accelerating the token’s recent price decline. Glassnode data shows profit-realization activity has surged by 240% since September, reaching $220 million per day. Despite the price drop, XRP’s fundamentals remain strong post-settlement with the SEC and Ripple’s strategic developments. Approval of XRP ETFs could stabilize sentiment and reverse the current downtrend.

Read more at Yahoo Finance: XRP Profit Taking Climbs to $220 Million Amid Price Retreat