XRP investors are capitalizing on gains as the token experiences a significant price correction. Glassnode data reveals that the 7-day moving average of XRP's profit realization volume has surged by 240%, climbing from $65 million to $220 million per day. This increase comes as XRP's price fell from $3.09 to $2.3 since late September.
Despite substantial developments, such as Ripple's $500 million funding round and a partnership with Mastercard, XRP's price continues to face downward pressure. The recent profit-taking trend highlights investor caution amid the token's volatile market conditions.
XRP Profit Realization Jumps 240% Amid Price Drop
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