With more than 90% of XRP holders now seeing profit, an expert has teased imminent selling pressure, but identifies why this time could be different. For context, XRP is currently holding steady above $3, hovering close to its all-time high. As a result, fresh data from Glassnode shows that nearly 94% of XRP wallets are now in profit. While this shows how much investors have gained, history warns that such levels of profitability often trigger heavy selling that drives the price lower. XRP Percent Supply in Profit | Glassnode Someone Always Sells as 94% of XRP Wallets Now in Profit Speaking on this, market analyst Winny recently explained that the market has a memory and tends to repeat itself. He compared the current moment to climbing a mountain, where the higher the climb, the harder it becomes to breathe. Now, with profitability even higher at 94%, Winny has emphasized that the market could be facing the same risk because, at some point, investors take profits. According to Winny, “someone eventually sells” when most holders are in green. Why This Time Might be Different Despite this reality, Winny suggested that this cycle might not follow the same script, citing several bullish factors that could make the current situation different. For one, whale activity has reached record levels, with wallets holding over 1 million XRP climbing to new highs. Moreover, he also noted that network activity is surging, with 225,000 daily active addresses, the most in three years. In addition, XRP is consolidating in a triangle pattern around $3.05. Winny noted that if the price breaks below this level, it could slide to $2.40, but if it breaks higher, Elliott Wave models suggest a rally toward $6 or more. Should these technical and on-chain metrics hold strong, XRP might find strong support during profit-taking periods, hedging against the massive drops observed in past cycles. However, fellow analyst EGRAG Crypto confirmed in a previous analysis that XRP could eventually face another big drop. Nonetheless, he insisted that it will likely happen only after a strong rally. EGRAG predicted two possible scenarios. One, if XRP climbs to $9, he expects it to retrace by about 85%, pulling the price down to around $1.30, much like the 2021 crash. But if XRP surges to $27, he warned of a steeper 97% correction, which could drag it back to $0.80, mirroring the 2018 collapse.
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