XRP Defies Gravity: Ripple Holds Strong Above $2 Amidst Massive Profit-Taking Frenzy
Ripple's XRP is laughing in the face of sell pressure—clinging stubbornly to its $2 perch even as traders cash in profits. Here's why this token won't roll over.
The Holdouts: While paper hands scramble for exits, XRP's resilience hints at institutional accumulation or die-hard HODLer conviction. Either way, the market's voting with its wallet.
Liquidity Games: Watch the order books—whales might be playing musical chairs with retail money (again). That $2 support isn't magic—it's a battleground.
Regulatory Déjà Vu: With SEC drama fading like a bad meme, XRP's fundamentals finally get their day in court-free sunlight. Just don't mention the 'security' debate at crypto parties.
Closing thought: In a world where 'stablecoins' peg and unpeg like TikTok relationships, XRP's stubbornness is almost... charming. Almost.
TLDR
- XRP trades above $2, delivering over 300% gains for early investors since October 2024
- On-chain data shows $68.8 million in daily realized profits as holders cash out
- Whale moved $58 million XRP to Coinbase but price remained stable
- Token faces resistance at $2.20 despite positive regulatory developments
- Supply pressure from long-term holders creates headwind for further price gains
XRP has emerged as one of the top performers among major cryptocurrencies this cycle. The token now trades above $2, marking more than triple its value from October 2024.
Early investors who bought below 60 cents are sitting on gains exceeding 300%. This has triggered a wave of profit-taking among long-term holders.
On-chain data from Glassnode reveals the scale of this distribution. The 7-day simple moving average of realized profits from XRP wallets reached $68.8 million in early June. This represents the highest level in over a year.
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
The profit-taking activity helps explain why XRP struggles to break above $2.20. Despite multiple bullish developments, the token faces resistance from early accumulators cashing out.
Recent whale activity adds another LAYER to the story. Whale Alert tracked a transfer of 26.6 million XRP worth $58 million to Coinbase from an unknown wallet. Such moves typically signal potential selling pressure.
However, XRP’s price showed resilience. The token held steady around $2.16 despite the large exchange inflow. This stability surprised many traders who expected a price drop.
Strong Demand Absorbs Supply Pressure
The price stability suggests strong underlying demand. XRP absorbed the potential new supply without major volatility during a week of broader market turbulence.
Crypto analytics platform Alva noted XRP’s “impressive resilience” during this period. The token’s ability to hold ground while other assets fell demonstrates market maturity.
Mixed reactions emerged on social media. Some traders view the whale transfer as bearish if selling follows. Others see the price stability as a bullish signal showing market strength.
Growing Optimism around a potential spot XRP ETF approval supports the positive sentiment. Recent large treasury purchases also contribute to demand.
Broader Altcoin Market Challenges
XRP’s performance contrasts with the broader altcoin market. CryptoQuant analysis shows the 1-year cumulative buy/sell volume difference for altcoins stands at negative $36 billion.
This marks a sharp reversal from December 2024 when the metric briefly turned positive. Since then, altcoin investors have largely retreated from the market.
Independent analyst Burak Kesmeci describes altcoin investors as “MIA” in current conditions. Despite pockets of strength in XRP and select tokens, the broader ecosystem remains challenging.
The negative FLOW data suggests continued headwinds for altcoins. Without renewed risk appetite or capital returning to alternative cryptocurrencies, seasonal rallies may remain elusive.
XRP faces a supply overhang from long-term holders despite positive regulatory clarity in the US. Ripple’s expanding tokenized asset infrastructure provides fundamental support.
The token’s ability to maintain levels above $2 while absorbing profit-taking demonstrates underlying strength. Early June data shows daily profit realization of $68.8 million as holders who accumulated below 60 cents exit positions.
