Key Insights
- XRP surpasses $2, delivering 300%+ gains for early investors since October 2024
- $68.8M daily realized profits recorded as holders cash in on rallies
- Whale transfer of $58M XRP to Coinbase fails to dent price stability
- Resistance at $2.20 persists despite bullish regulatory developments
- Supply pressure from long-term holders may limit near-term upside
XRP Price Analysis: Sustaining Gains Amid Profit-Taking
XRP has outperformed most major cryptocurrencies this cycle, maintaining a steady price above $2**—a **3x increase** from its October 2024 lows. Early investors who accumulated below **$0.60 are now realizing 300%+ returns, triggering significant sell-side activity.
On-Chain Data Highlights Profit-Taking Wave
Glassnode reports a 7-day average of $68.8M in daily realized profits** from XRP wallets in early June—the highest level in over a year. This trend explains the token’s struggle to breach the **$2.20 resistance level, despite favorable market conditions.
"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."
— Glassnode (June 19, 2025)
Whale Activity and Market Resilience
A recent $58M XRP transfer** to Coinbase by a whale raised concerns about potential selling pressure. However, XRP’s price held firm at **$2.16, demonstrating strong underlying demand. Analysts attribute this stability to:
- Spot ETF speculation
- Institutional treasury purchases
- Positive sentiment around Ripple’s tokenized asset projects
Market Dynamics: Demand vs. Supply
Absorbing Profit-Taking Pressure
XRP’s ability to weather large sell-offs without significant price drops signals robust demand. Crypto analytics platform Alva noted the token’s "impressive resilience" during recent market turbulence, contrasting with broader altcoin weakness.
Altcoin Market Headwinds
While XRP thrives, the broader altcoin market faces challenges:
- $36B net outflow from altcoins since December 2024 (CryptoQuant)
- Lack of retail investor participation ("MIA," per analyst Burak Kesmeci)
- Seasonal rallies remain unlikely without renewed capital inflow
👉 Why XRP’s stability matters for crypto portfolios
FAQs
1. Why hasn’t XRP dropped despite whale selling?
Strong institutional demand and ETF speculation are counterbalancing profit-taking.
2. What’s the next resistance level for XRP?
The $2.20** zone remains critical. A breakout could target **$2.50.
3. Are altcoins in a bear market?
Yes, most altcoins face net outflows, though tokens like XRP show resilience due to unique catalysts.
👉 How to identify altcoins with staying power
Conclusion
XRP’s price stability above $2 amid heavy profit-taking reflects strong fundamentals and demand. While supply pressure from early investors may cap short-term gains, the token’s maturity and regulatory progress position it for long-term growth.