- XRP investors have been selling off their holdings, realizing nearly $70 million in daily profits amid global and legal uncertainties.
- The token’s price remains stuck between $2.1 and $2.5, but tightening Bollinger Bands suggest a possible breakout ahead.
XRP holders are cashing out in droves, unloading their tokens at an average profit of nearly $70 million per day, according to new data from Glassnode. After a historic rally earlier in 2025, Ripple’s native token now faces mounting selling pressure, persistent legal woes, and global instability that have weighed down its price performance.
A Boom Followed by Uncertainty
XRP soared to an all-time high of $3.4 in Q1 2025, driven by investor optimism and Ripple’s expanding use in cross-border payments. Many investors had bought XRP at around $0.60 in late 2024 ahead of the U.S. elections, reaping major gains this year. However, the token’s momentum has stalled.
Since April, XRP has traded within a narrow range between $2.1 and $2.5. The latest dip brought it below the $2.1 level amid heightened geopolitical tensions and market uncertainty.
XRP Investors Sell $70 Million Daily as Price Struggles Near $2.1
Recent geopolitical developments, including Israel’s strikes on Iran and U.S. threats of further military action, have sparked a broader market sell-off. Cryptocurrencies, often viewed as riskier assets, have suffered the consequences. XRP, already under pressure due to Ripple’s lingering legal issues, took a harder hit.
The Federal Reserve added more fuel to the fire. On June 18, Fed Chair Jerome Powell raised the 2025 inflation forecast and signaled that tariffs may delay potential interest rate cuts. The less dovish outlook has increased borrowing costs, making risky assets like XRP less attractive to investors.
Tightening Bollinger Bands Suggest Imminent Price Action
Despite the bearish conditions, technical indicators hint that a major move could be ahead. XRP’s Bollinger Bands have tightened considerably, a classic sign that a breakout may be imminent. Whether this move will be upward or downward remains unclear, but the ongoing sell-off suggests that caution still rules the market.
XRP is caught in a storm of profit-taking, global tensions, and economic uncertainty. Yet, the tightening Bollinger Bands give hope for a potential price breakout. Traders are watching closely as XRP teeters near a key support level.