XRP Investors Sell $1.6 Billion Worth of Tokens Amid Price Stagnation

XRP investors are experiencing frustration due to weeks of price stagnation, leading to a surge in profit-taking. Key points include:

Profit-taking activity reached $1.6 billion in 24 hours.
Approximately 695 million XRP tokens were sold.
This trend may increase selling pressure and limit upward movement.
Long-term holders remain resilient, stabilizing XRP's value.
The MVRV Long/Short Ratio indicates long-term holders are still profitable.
Ongoing consolidation has restricted growth potential.
Repeated failures to break key resistance levels have resulted in sideways movement.
Increased selling pressure may threaten support zones, risking a bearish shift in market outlook.

In summary, XRP faces challenges from investor frustration and stagnant prices. While long-term holders provide stability, heightened selling activity could disrupt the market balance.