XRP is trading at $2.15, holding steady after a parabolic rally that began in late 2024. The digital asset has more than tripled from its base price before the November surge, rewarding early investors with over 300% gains. However, new on-chain data from Glassnode reveals that many of those early holders are now taking profits, shifting XRP into a clear phase of market consolidation. A Rally Fueled by Legal Clarity and ETF Optimism The explosive rally that began in November 2024 was driven by multiple catalysts. Ripple’s legal conflict with the U.S. Securities and Exchange Commission (SEC) had finally begun to wind down, giving investors much-needed clarity. At the same time, several major asset managers—including WisdomTree, Bitwise, and CoinShares—filed for spot XRP exchange-traded funds (ETFs), further fueling bullish sentiment. These developments ignited a powerful move from below $0.60 to above $2.10 in just a few weeks, pushing XRP to its highest levels since early 2018. 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 Data Shows Wave of Profit-Taking According to a recent post by Glassnode, early investors who accumulated XRP before the rally are now locking in gains. By early June, profit realization had climbed to $68.8 million per day, based on the 7-day moving average—one of the clearest signs of widespread distribution among long-term holders. This coincides with heightened whale activity, with millions of XRP tokens—valued in the tens of millions of dollars—transferred to exchanges such as Coinbase. These transactions point to intentional sell-offs, likely at key resistance levels between $2.30 and $2.40. A Period of Consolidation Around $2 Since January 2025, XRP has been consolidating in a tight range between $2.10 and $2.40. Despite brief upward pushes, the price has struggled to break decisively above this zone, largely due to profit-taking pressure and concentrated supply from prior accumulation phases. Yet, this sideways action isn’t necessarily bearish. Analysts note that XRP’s ability to hold above $2 for several months, despite ongoing selling, reflects strength and resilience. In technical terms, the current price behavior resembles a continuation pattern—potentially a setup for a breakout if momentum returns. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Retail Growth Balances Whale Distribution Glassnode also reports a significant uptick in retail activity. Daily active addresses have surged nearly 490% from cycle lows, and XRP’s realized market cap has jumped from $30 billion to $64 billion. These figures suggest a healthy inflow of new participants, helping to absorb the tokens being distributed by earlier holders. Still, there are signs of hesitation among newer investors. The realized loss/profit ratio has been declining since January, which Glassnode interprets as a “waning speculative appetite.” This means while the base of holders is growing, fewer are entering the market aggressively at current prices. XRP at a Crucial Inflection Point With the market currently balanced between accumulation and profit realization, XRP’s next move will likely hinge on whether bulls can reclaim momentum. A sustained breakout above $2.40 could unlock the next leg toward $2.60 or $3.00. On the flip side, continued distribution may keep the asset confined to the $2.00–$2.30 range. For now, XRP remains in a holding pattern—but with strong fundamentals, ongoing institutional interest, and a dedicated retail base, the digital asset is far from losing steam. As Glassnode’s data shows, the market is watching closely—and so are the whales. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Early XRP Investors Realize Over $68M in Daily Profits. Here’s What Happened appeared first on Times Tabloid .
