XRP has realized a big pump of 240%... "Favourable Information invalidated" Profit-taking caused a fall of 9%.

XRP investors are cashing out on a large scale, with related indicators soaring by 240%. However, despite the favourable information coming in, the XRP price continues to fall, and the market reaction is tepid.

According to on-chain data analysis company Glassnode, the “realized profit” indicator for XRP has surged by 240% since the end of September. This indicator measures the profit realized by investors after selling, and it is rare to see it continue to trap in the current downtrend compared to periods of price increases.

The price of XRP has fallen from $3.09 (approximately 4,032 KRW) at the end of September to the current $2.29 (approximately 2,989 KRW). However, during the same period, the average daily profit scale has increased from $65 million (approximately 8.66 billion KRW) to $220 million (approximately 29.32 billion KRW). This is interpreted as a signal that long-term holders no longer expect a rise and choose to cash out.

Glassnode previously pointed out at the end of October that seasoned investors have begun to sell off XRP in large quantities. The cashing out trend of holders contrasts with the capital flow during previous price rebounds.

It is worth noting that despite being in a falling phase, Ripple has still released a series of Favourable Information. The “Ripple Swell” event invited speakers such as Nasdaq CEO Adena Friedman and US digital asset advisor Patrick White. Ripple has consecutively announced important news such as a $500 million (approximately 66.65 billion won) financing, the acquisition of cryptocurrency custody company PalisaDe, and collaboration with Mastercard.

In addition, ETF issuers, including Franklin Templeton, have updated the filing materials for the spot XRP ETF (S-1 form), but these optimistic signals have not led to a price rebound. According to CoinGecko data, the current trading price of XRP is $2.29 (approximately 2,989 KRW), down about 9% compared to last week.

Despite the frequent favourable information, XRP has failed to gain upward momentum due to a large amount of cash-out orders. Experts point out that the market buying sentiment has weakened, and there is a possibility of further pressure in the short term. For XRP to return to a rebound trajectory, there needs to be signs of a slowdown in realized profit outflows and a stabilization of selling pressure.