XRP recently dropped to $2, and the market sentiment is a bit tense. But if you take a closer look at on-chain data, you'll find things aren't that simple.

In the past week, whale addresses have indeed been selling—dumping a total of 390 million XRP, which was worth about $783 million at the time. Selling pressure of that magnitude is bound to cause volatility.

But here's where it gets interesting:
Long-term addresses holding for 1-2 years have quietly increased their share from 8.58% to 9.81%. These experienced holders are clearly seeing the price drop, yet they're still accumulating.

What does this mean? Most likely, it's a change of hands.

Whales crash the price to create panic, retail investors sell at a loss and exit, while patient capital picks up cheap coins at the bottom. Once emotions stabilize, the ownership structure may have already shifted. In this market, it's never about who sells the fastest, but who gets the cheapest chips.

Newbies panic at big drops; veterans watch the action closely.

So what should you do now?
Don't be scared by headlines about "whale sell-offs." What really matters isn't who's selling, but who's buying and at what price. $2 is a psychological threshold, and there's technical support around $1.94. But if you only focus on price fluctuations, you'll always be a step behind.

Remember this logic: when prices crash, don't just watch—pay attention to who's picking up bargains. Emotion is the most expensive thing in the market, so don't pay for it lightly.

Bull markets often sprout in despair and peak in euphoria—so you need to stay calm and think clearly when others are panicking.