XRP Falls Below $2 As $721 Million Profit-Take Hits Market

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. One of the cleaner tells in crypto is when the old supply decides it’s time. Not “made a quick 20% and clipped it” time — years old. That’s basically what Glassnode researcher CryptoVizArt flagged after an XRP wallet aged roughly 5–7 years (with a cost basis around $0.40) realized more than $721.5 million in profit on Dec. 11. A single wallet doesn’t “break” a market on its own. But the timing is the point: this wasn’t profit-taking into a rip. It landed while XRP was showing weakness right at the $2.0 key level. Related Reading XRP Dominates Institutional Inflows, But Why Is Price Still Low? 1 day ago CryptoVizArt wrote via X: “On December 11th, a 5-7 year old XRP wallet address (with a cost basis of $0.4) realized over $721.5M in profit! A rare sizable profit-taking while the price shows weakness right at the $2.0 key level.” XRP Realized Profit by Age | Source: X @CryptoVizArt What This Means For XRP Price That $2 handle matters for the usual reasons — round number, obvious chart magnet, psychological line in the sand — but also because the market’s been treating it like a live wire lately. Since early December last year, the support zone between $2 and $1.90 has been tested endless times. XRP bulls always managed to close above the zone on the weekly timeframe. So what does the $721M print mean? It’s a reminder that supply overhang isn’t theoretical. A 5–7 year wallet taking profits can be read as “de-risking,” sure. But in tape terms, it’s also distribution that the market has to absorb while price is already leaning. If bids are deep, it’s a shrug. If bids are thin, it turns $2 into a trapdoor. And right now, “thin” is kind of the vibe across crypto, not just XRP. Related Reading Why XRP Isn’t Reacting to Major Institutional and Regional Developments 1 day ago CryptoVizArt’s broader framing from Dec. 13 is that the $80K–$90K Bitcoin consolidation is producing stress “comparable to late Jan 2022.” Via X, he wrote: “The current $80K–$90K consolidation range is generating a magnitude of stress comparable to late January 2022, with Relative Unrealized Loss approaching ~10% of market cap. This places the market in a regime where liquidity is constrained, and sensitivity to macro shocks is elevated, yet still below the levels typically associated with full bear-market capitulation.” That backdrop matters because alts don’t trade in a vacuum. When the whole complex is jumpy, big sell events at key levels have more punch. Not because every XRP holder suddenly panics , but because market-makers and discretionary traders tend to pull risk at the same time. Spreads widen, depth thins, and “one-off” flows start to move price more than they should. Still, it cuts both ways. A single, chunky realization can also be the market clearing a problem — old supply exiting, new demand stepping in, the kind of transfer that (eventually) makes a base sturdier. The trick is whether $2 holds while that handoff happens. At press time, XRP was trading at $1.89, which could make Sunday’s weekly close another extremely important event. XRP falls below key support zone, 1-week chart | Source: XRPUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com