The XRP market is experiencing significant changes as large holders withdraw tokens from exchanges, indicating long-term investment intentions. At the same time, a recent token sale by a Ripple co-founder has led to mass losses.
Exchange Supply Drops Sharply
Between July 23 and 26, the amount of XRP held on centralized exchanges dropped from around 4.45 billion to just over 4.25 billion, according to Glassnode data. This change indicates that large holders may be moving their funds into cold storage rather than keeping them liquid.
According to analyst Captain Redbeard, the shift suggests users are not preparing to sell, but rather are withdrawing assets for long-term holding.
Selling Spikes After Insider Move
On-chain data shows approximately $845 million in realized losses over the past day, one of the most significant single-day sell-offs this month. This followed reports that a Ripple co-founder sold $140 million worth of XRP, adding pressure to an already declining market.
Despite these sales, trading volume remains strong at $6.2 billion.
Market Prospects After Fluctuations
The current BBTrend value now sits at 27.66, indicating a shift in short-term momentum. The recent expansion in green bars points to renewed buying interest.
Meanwhile, the Relative Strength Index (RSI) has declined to 59 from a peak of 72, indicating that the asset is no longer overbought and could stabilize.
Thus, despite recent price fluctuations and significant sell-offs, large XRP holders continue to withdraw their tokens from exchanges, reinforcing hopes for long-term investment. The market is expected to remain cautious while trading volumes stay high.
