The value of XRP has dropped 9% since reaching its all-time high of $3.41 on January 16 due to increased sell-offs. On-chain data shows a surge in profit-taking activity, with XRP holders selling their tokens for profit. The rise in token selloffs is confirmed by the increase in XRP's Exchange Flow Balance, which indicates an increase in deposits and suggests traders are preparing to sell. XRP currently trades at $3.09, and if sell-offs continue, the price could drop to $2.45. However, if profit-taking decreases, XRP's price may rebound and reach its all-time high again.



Other News from Today