Blockchain analytics firm Glassnode highlighted the remarkable performance of XRP, emphasizing its substantial price rally and profit realization patterns observed over recent months. The firm shared on June 19 via social media platform X that XRP has risen above $2, reaching a price more than three times higher than its value before the sharp rally that started in November 2024. This significant price increase has delivered substantial returns for investors who acquired XRP before the rally. Glassnode stated:
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.
Moreover, the firm detailed: “In early June, they began realizing profits at a pace of $68.8M per day (7D-SMA), signaling a wave of distribution by early holders.” In the same X post, Glassnode included a chart titled “ XRP: Realized Profit by Profit Margin,” which presents a detailed breakdown of realized profits across different gain thresholds. The chart highlights a sharp spike in realized profits beginning around November 2024, aligning with the rapid price ascent of XRP.
Market participants continue to observe XRP’s performance following the substantial gains. Enthusiasts point to the token’s use in cross-border payment systems and increasing regulatory clarity as key strengths supporting its ongoing development. The rally and strong realized profits underscore the growing interest and engagement surrounding XRP in the broader cryptocurrency market. Additional momentum has also come from optimism surrounding the court’s anticipated approval of the already reached settlement between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) in the legal dispute over XRP. Ripple CEO Brad Garlinghouse forecasts XRP will capture 14% of SWIFT’s global cross-border payments within five years, driven by its superior liquidity solutions over traditional messaging-based systems.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
