On-Chain Data Signals Profit

On-Chain Data Signals Profit-Taking Risks for XRP Bulls

Despite XRP’s bullish momentum, on-chain analysis suggests caution. XRP has struggled to break through the $3.65 resistance level, a price point that has historically triggered profit-taking by traders.

Data from blockchain analytics firms shows an increase in large wallet addresses moving XRP to exchanges — a sign that some investors may be preparing to sell into strength.

While this doesn’t necessarily signal a downturn, market analysts recommend that short-term traders keep an eye on volume and sell pressure around key resistance levels. For long-term holders, the overall outlook remains positive following recent legal clarity.