A recent Glassnode report has identified one factor contributing to pressure on the XRP price, as long-term holders ramp up profit-taking trades. The latest disclosure comes on the back of the ongoing struggles the market has faced over the past few days, despite clear macro tailwinds such as the recent Federal Reserve 25-bps rate cut, confirmation of an end to quantitative tightening in December, and easing trade tensions between China and the U.S.
