XRP News Today: XRP Price Holds Above $2 Despite 300% Gains and Retail Selling

Professional gamer and cryptocurrency enthusiast Chad Steingraber has shared his insights on the recent XRP market activity, noting that despite widespread selling from individual investors, the price has remained above $2. Steingraber believes this persistent price level indicates a floor before institutions take over, suggesting that retail traders may be exiting their positions prematurely while larger market players have yet to fully engage.

Steingraber's comments come in the wake of data released by blockchain analytics firm Glassnode, which highlighted a significant wave of profit-taking in early June 2025. The data shows that XRP is now trading at over three times the level it was before the rally that began in November 2024, with holders who accumulated earlier sitting on gains exceeding 300%. During the first week of June 2025, realized profits hit $68.8 million per day based on the seven-day simple moving average, indicating strong distribution activity.

Despite these substantial exits, XRP’s price has shown resilience, remaining elevated and avoiding sharp reversals. This trend suggests that while many retail investors chose to lock in gains after the sharp rally, a segment of the retail base is committed to longer-term holding. A user named Vincent, replying to Steingraber’s post, stated, “Not me I didn’t sell a single xrp unlike most retail I actually have diamond hands not selling till my targets hit.” This reflects a divide in behavior among retail investors, with some realizing substantial profits while others maintain their positions, expecting further appreciation.

The fact that both behaviors coexist while the price remains stable indicates strong market liquidity and steady demand absorption. As XRP continues to trade in this elevated range, analysts and investors will closely watch for shifts in ownership patterns, especially signs of increased institutional allocation. For now, data shows that early holders are locking in gains, while others wait for higher targets, and XRP’s price continues to hold firm above $2.

Analysts have predicted that XRP could reach $5 by the end of 2025, citing the growing interest from institutional investors and the potential approval of U.S. spot ETFs. This optimism is further bolstered by the fact that XRP has maintained a steady price floor following its January rally to $3.39. Despite ongoing legal challenges with the U.S. Securities and Exchange Commission, the cryptocurrency has continued to attract institutional inflows, indicating a strong underlying support.

The positive regulatory sentiment around potential U.S. spot ETF approvals has also contributed to the bullish outlook for XRP. Many market participants believe that the approval of such ETFs could lead to a significant influx of institutional capital, further driving up the price of XRP. This, combined with the cryptocurrency's focus on revolutionizing cross-border payments, has positioned it as a dominant player in the market.

Institutional investors are increasingly looking at XRP, along with other cryptocurrencies, as smart money rotations in the second quarter of 2025. This shift in investment strategy is indicative of the growing acceptance of cryptocurrencies as a viable asset class, with institutions seeking to capitalize on the potential for high returns. The steady price floor of XRP, despite market volatility, suggests that there is a strong underlying support for the cryptocurrency. This support is likely driven by a combination of institutional investment and positive regulatory developments, which have helped to maintain investor confidence in XRP.

As the market continues to evolve, it is expected that XRP will play an increasingly important role in the cryptocurrency ecosystem, with institutions looking to capitalize on its potential for growth. The cryptocurrency market is abuzz with speculation surrounding the price of XRP, with experts suggesting that the current price floor is being maintained in anticipation of significant institutional investment. This assessment reflects a growing belief among market participants that XRP is poised for a substantial surge, driven by increasing institutional allocations and positive regulatory sentiment.