Long-Term XRP Holders Are Turning Their Attention to This New Project

Recent on-chain data shows that XRP’s biggest investors have been steadily reducing their holdings over the past month, a move that could signal turbulence ahead for the cryptocurrency. Market analysts warn that the selling pressure from these large wallets could trigger a price drop of up to 30% in the coming days if demand fails to keep pace.

Interestingly, some traders appear to be reallocating capital into emerging opportunities, with projects like MAGACOIN FINANCE drawing early attention from the same investor circles that once backed XRP. This shift hints at a search for fresh growth potential amid uncertainty in XRP’s short-term price action.

XRP Whales Offload Over $1.9 Billion in Tokens

Data from CryptoQuant reveals that between July 9 and early August, whale wallets shed approximately 640 million XRP. At current prices, that represents more than $1.91 billion worth of tokens leaving large holder addresses.

The bulk of this distribution occurred while XRP was trading between $2.28 and $3.54, suggesting whales were taking advantage of recent price rallies to lock in profits. It’s the second major sell-off in less than a year, following a similar move between November and January when whales reduced their exposure as prices climbed from $1.65 to $3.27.

While retail traders largely absorbed the selling pressure in past instances, analysts caution that if institutional demand remains muted, the next wave of sell-offs could weigh heavily on price momentum.

Where Are XRP Whales Headed?

In the midst of XRP’s uncertainty, MAGACOIN FINANCE has been catching the eye of crypto investors looking for high-upside potential. Ranked by multiple analysts as one of the year’s top altcoin prospects, the project has already seen rapid growth in its early stages, fueled by a loyal community and expanding utility for token holders. Some forecasts suggest that early movers could see returns that rival the best-performing altcoins of past bull markets, adding to the sense of urgency among those seeking to diversify.

Can XRP Maintain Its Momentum?

The pattern of whale distribution during price rallies is becoming a recurring theme for XRP. Each time, the token has faced headwinds in sustaining momentum, and with another large-scale sell-off underway, traders are closely watching whether retail demand will once again be enough to counter the downward pressure.

If buying interest fails to match the current outflow pace, the projected 30% downside could take XRP back toward the $2.20 range — a level not seen since the spring. On the flip side, any unexpected surge in institutional or ETF-related demand could help stabilize prices before they retest lower supports.

Conclusion

XRP’s largest holders are signaling caution with their recent moves, but the crypto market is never short on new opportunities. Although short-term pressure on the XRP may prove to be a burden, the emergence of MAGACOIN FINANCE means investors can also consider another great opportunity before it hits top exchanges. As both have assets at critical junctures, the coming weeks may ensure that capital keeps revolving into new projects or may revert to old ones.

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