XRP News Today: XRP's 300% Gains Face Profit-Taking Pressure

Ripple’s XRP has been one of the top-performing digital assets this cycle, delivering significant gains for investors. Its breakout in late 2024 solidified its position as a leading performer, despite Ripple’s ongoing regulatory battle with the SEC.

XRP has seen a remarkable rise, tripling in value from its base prior to its sharp ascent in November 2024. Early investors are now enjoying returns exceeding 300%, marking a substantial increase in portfolio value. However, this success has led to a new trend: profit-taking. Since early June, many early investors have started selling their holdings, with daily sales averaging $68.8 million worth of XRP. This consistent selling indicates a distribution phase, where long-term holders are cashing out, adding pressure on the price.

XRP has struggled to surpass a key resistance zone at $2.30, briefly moving above this level before slipping back. This weakness aligns with the increased selling, suggesting that profit-taking is preventing the price from rising further. The $2.30 range is now acting as a resistance level, and without fresh momentum or renewed buying, XRP remains capped below this ceiling.

The derivatives market also shows signs of weakness. XRP futures open interest dropped from around $5.3 billion on 12 May to $3.97 billion by 20 June—a 25% decline. Similar drops have historically led to sharp price corrections, including a significant decline earlier in 2025 when XRP plunged after a surge in open interest faded. In January, XRP reached a multi-year high of $3.40, but following a steep drop in open interest, the token fell to $1.61 by 7 April, representing a 53% decline.

Technical indicators further reflect the current fragility. XRP is trading below both its 50-day and 100-day simple moving averages (SMA), which stand around $2.27 and $2.23, respectively. The token’s inability to trade above these dynamic averages indicates a lack of strength in the current trend, suggesting buyers are hesitant or exhausted. One level now drawing particular attention is $2.04. A break below this support point could open the way to deeper losses.

Against this backdrop, technical analyst CasiTrades believes XRP is nearing a major turning point. After weeks of narrowing price movement, the token appears ready for a significant breakout—or one last dip to gather strength. She highlighted key metrics to watch, including $2.25 as a key resistance level. Failure to break above this level may lead to a retest of lower support zones. Price areas like $2.01, $1.90, and $1.55 may help rebuild momentum, not signal a bearish trend. CasiTrades views any pullback as a reset phase that attracts fresh buyer interest, potentially resetting the market rather than weakening long-term demand. Global tensions may add fuel to volatility, aligning with market timing and structure.

Recent selling does not necessarily indicate a full reversal for XRP, but it does highlight growing pressure on the price. With the easy gains likely behind us, the market has entered a more fragile phase where each move carries greater weight. A broader crypto rebound may still offer XRP some relief, but the outcome remains uncertain.