“Early Acccumulators Are Cashing Out Into Strenguth As The Token Tests Key Resistance Levels Just Below Its 2021 Peak.”, – WRITE: www.coindesk.com
Profit Gauge (Shutterstock)
- XRP is Trading Above $ 2, Marking A More than 300% Gain for Early Investors, Leading to Increated Profit-Taking.
- On -chain Data Shows Realized Profits from Xrp Walletts Reached $ 68.8.8 Million, Indicating Distribution Pressure as The Token Tests Resistance Levels.
- Despite Positive Regulatory Developments and Ripple’s Infrastructure Expansion, XRP Faces A Supple Overhang from Long-Term Holders, Affecting Its Ability to Break Above $ 2.20.
Has Staged One of the Strongest Rallies Among Crypto Majors this Cycle, But Early Retail Holders Are Heading for the Exit Under the Surface.
Now Trading Above $ 2-More Thrice Itly Base from October 2024-XRP HAS BECOME ONE OF THE BEST-PERFORMING LARGE-CAP TOKENS OVER The PAST 8 MONHS. Investors who boughta bead 60 CENTS are sitting on Gains Upward of 300%, Prompting A Sharp Pickup in Profit-Taking.
Accorging to -chain Data from Glassnode, The 7-Day Simple Moving Average (SMA) of Realized Profits from Xrp Wallets Hit $ 68.8 Million Earlier this mont. That’s a Clear Sign of Distribution Pressure, with Early Accuumulators Cashing Out Into Strength As The Token Tests Key Resistance Levels Just Below Its 2021 PEAK.
XRP is Trading Above $ 2, More Than 3x Higher Than Its Base Price Before The Sharp Rally in November 2024.INVESTORS WHO ACCUMUrated Earlier Are Sitting on Over 300% Gains.
In Early June, They Began Realizing Profits at At A Pace of $ 68.8m per Day (7D-sma), Signaling a Wave of… Pic.twitter.com/n8dls0Expqq
– Glassnode (@glassnode) June 19, 2025
That profit-taking pressure May Help Explain Xrp’s Failure to Break Above $ 2.20 In Recent Sessions, Despite Multiple Bullish Headlines and Technical Tailwinds.
Read More: Xrp Drops 5% As High-Volume Selling Pressure Dominates Market
WHILE The BROADER SETUP REMAINS POSITIVE, SUPPORTED BY REGulatory Clarity in the US and Ripple’s Growing Push Into Tokenized Asset Infrastructure, The Near-Term Price Action Refle Holders.
A recent Cryptoquant Analysis Showed That 1-Year Cumulative Buy/Sell Quote Volume Differents for Altcoins (Excluding Btc and Eth) Billion. That’s a Sharp Reversal from December 2024, WHEN The Metric Briefly Flipped Positive, Marking A Local Top for Altcoins.
(Cryptoquant)
Since Then, It’s Been A One-Way Bleed, with “Altcoin Investors Mia,” Cryptoquant Independent Analyst Burak Kesmeci Said in a Thursday Post.
Despite Pockets of Strength in XRP, SOL, AND A FEW Narrative Tokens Tied to Real-World Assets (Rwas), The Broader Altcoin EcoSystem Remains Stuck in A Bear Market, Head.
Unless Risk Appetite Returns or Capital Flows Back Into Layer 1S, DEFI, AND GAMING, HOPES OF An “AltsEASON” may of May Continue to Fade Into Into the Summer.
Read More: Xrp Hits 12-YEAR MILESTONE CACK
Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA.
He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.
X Icon
