Long-term XRP holders are selling an average of $260 million in XRP daily, according to a Glassnode report. This surge in selling activity, up 580% since XRP's price correction from a $3.66 peak in July, is exerting downward pressure on the token's price. Despite favorable macroeconomic factors like the Federal Reserve's rate cut and easing U.S.-China trade tensions, the broader crypto market has shed $170 billion in four days. However, XRP has shown slight resilience, gaining over 1% in the past 24 hours.