TLDR
- XRP is trading at $2.15 after a sharp rally that began in late 2024.
- The asset has tripled in value since October, delivering over 300 percent returns to early investors.
- Ripple’s legal progress and ETF filings helped trigger the explosive price movement.
- Glassnode reports daily profit realization has reached $68.8 million among early holders.
- Whale wallets have transferred large amounts of XRP to exchanges, indicating strategic profit-taking.
XRP continues to trade steadily around $2.15 after a sharp price rally that began in late 2024. The asset tripled from its previous base, prompting early investors to begin taking profits. On-chain data shows a shift in market behavior as XRP enters a consolidation phase.
This phase follows a strong move that took XRP from below $0.60 to above $2.10 within a few weeks. That rally pushed XRP to its highest price since early 2018, boosting its market sentiment. However, with increased selling pressure, the asset now moves sideways within a tight trading range.
Market analysts are tracking recent shifts in wallet behavior and exchange flows. Large holders are distributing tokens, while newer participants are entering more cautiously. Despite this, the token holds above $2, signaling underlying demand and resilience.
Legal Clarity and ETF Filings Fueled XRP Rally
Ripple‘s legal situation with the SEC reached a critical resolution point late last year, reducing investor uncertainty. That development boosted market confidence and supported the early stages of the XRP rally. Legal clarity removed a long-standing barrier for institutional and retail buyers alike.
Simultaneously, major financial firms such as WisdomTree and Bitwise submitted spot ETF applications for XRP. These ETF filings contributed to the surge in demand and increased overall exposure. With more institutions watching, buying interest rose sharply through November and December 2024.
As a result, XRP experienced fast growth and broke above key price thresholds for the first time in years. Technical indicators confirmed the breakout as volume and momentum both surged. But now, the situation has shifted as selling increases and price movement narrows.
Distribution Rises as Profit-Taking Intensifies
Glassnode data reveals a clear rise in realized profits among early XRP investors. By June 2025, average daily profits had reached $68.8 million. This trend signals a widespread move to lock in gains.
XRP is trading above $2, more than 3x higher than its base price before the sharp rally in November 2024.
Investors who accumulated earlier are sitting on over 300% gains.
In early June, they began realizing profits at a pace of $68.8M per day (7D-SMA), signaling a wave of… pic.twitter.com/N8DLs0EXpQ
— glassnode (@glassnode) June 19, 2025
Large wallets began sending XRP to exchanges like Coinbase in significant volumes. These transfers occurred near resistance zones between $2.30 and $2.40, suggesting calculated exits. Whale activity remains high and aligned with overhead supply levels.
Since January 2025, XRP has traded within a defined range between $2.10 and $2.40. Price attempts to break out have stalled due to consistent selling. However, holding above $2 under these conditions shows sustained strength.
Retail Demand Grows, but Momentum Slows
Daily active XRP addresses have surged nearly 490% since the previous cycle’s lows. This growth reflects rising interest among retail participants in recent months. Moreover, the realized market cap increased from $30 billion to $64 billion.
At the same time, new buyers appear more selective than during the rally’s peak. The realized loss/profit ratio continues to decline, showing reduced risk appetite. This shift indicates growing caution among late entrants to the market.
The market now balances between accumulation and distribution with no clear breakout. A move above $2.40 could reignite momentum toward $2.60 or $3.00. Until then, XRP has maintained a tight but stable consolidation pattern.
