XRP Price Drops as Traders Withdraw $1.84 Billion in Past Week

XRP has seen a lot of action lately! The price has dropped to $1.41, which is a 13% decrease from its recent high of $1.63. It turns out that traders have been cashing out big time, with a whopping $1.84 billion in profits realized over the past week.

It seems that long-term holders are behind this selling spree. The MDIA indicator is down, and a whopping 97% of XRP’s total supply is currently sitting in profit. This suggests that many people are taking advantage of the gains they’ve made.

There’s a critical support level at $1.33, and if that fails, we might see XRP drop even further to $1.28. However, if buyers step back in, we could see a rebound that might push the price back up to $1.63.

So, it’s a bit of a rollercoaster ride for XRP right now. Keep an eye on those key levels and stay tuned for more updates on how things play out!