XRP: Experts Anticipate Major Surge as On-Chain Indicators Conflict with Positive Chart Trends

XRP Profit-Taking Trends: Recent Glassnode data indicates that XRP holders are locking in profits during price declines, with realized profit volume increasing by 240% despite a drop in price from $3.09 to $2.30, suggesting a shift from accumulation to distribution among large holders.

Technical Signals for Reversal: Despite bearish on-chain signals, a TD Sequential buy signal on the daily chart suggests XRP may be nearing a local bottom, with potential for a rally above $2.40–$2.50 if confirmed by higher volume and bullish closes.

Elliott Wave Theory Insights: Analysts predict that XRP could be entering a significant fifth wave, which may lead to sharp reversals and mass liquidations, potentially exceeding previous price advances and catching short-sellers off guard.

Market Outlook and Sentiment: The current market sentiment is mixed, with on-chain data indicating caution and profit-taking, while technical traders remain hopeful for a breakout structure. The next move for XRP may hinge on institutional inflows and the continuation of profit-taking trends.