XRP bulls are attempting to get back in the game after a series of profit-taking events has pushed the OG altcoin below the $3 territory. Recently, blockchain analytics company Glassnode has drawn the public’s attention to severe profit taking trends resurging.
Glassnode Draws Attention Huge XRP Profit-Taking
A great example of that was last month’s $375 million cashed out by long-term holders in a single day on July 24, 2025. Glassnode’s specialists argue that a similar thing occurred during the late 2024 rally, when a large distribution event bumped XRP’s price back to $2 after a spark to $2.71 on December 3.
This time, XRP’s price dwells at the $2.90 territory, 10 cents below the critical resistance levels that the crypto bulls are looking to conquer back. Amidst the ongoing geopolitical tensions & market uncertainty, do XRP bulls stand a chance at pushing to unprecedented heights, just like they did last January?
Bears Still In Control, But $5 XRP Isn’t Far-Fetched
Technically speaking, Ripple coin’s (XRP) price charts are flashing a buying signal on the hourly charts according to the TD Sequential, but don’t ape in just yet. Per Ali Martinez’s latest XRP price analysis, this constitutes an under-priced XRP position at $2.91, but would the crypto whales second Ali’s opinion?
As DailyCoin’s research team dug into the on-chain metrics, whale behavior-tracking devices like the Chaikin Money Flow (CMF) & the Bull Bear Power (BBP) painted a different picture. First of all, the CMF dwelled in negative territory since August 17, signaling whale cash-outs.
Moreover, the Bull Bear Power meter was flashing mostly red since August 15, testifying the market correction kicking in. Despite this, the Parabolic Stop & Reverse (SAR) showed upside potential, similarly to Ali Martinez’s TD Sequential methodology, backing up XRP’s $5 goal.
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People Also Ask:
XRP bulls aim for $5, a key milestone beyond its $3.65 all-time high, fueled by Ripple’s growth and market optimism.
After surging past $3.65, investors are cashing out profits, causing a dip to ~$2.88, challenging the bullish momentum.
If buying resumes and support near $3 holds, bulls could push toward $5, but volatility remains a hurdle.
The dip might be a buying opportunity, but XRP’s volatility means only invest what you can afford to lose.
Follow beginner-friendly crypto news like DailyCoin for reliable updates on XRP’s $5 chase and market trends.
