The XRP price continues to fluctuate, drawing interest from traders and investors. Potential movements towards key support and resistance levels are being monitored.
Profit Realization and Market Dynamics
Recent price surge of XRP to $2 has triggered significant profit-taking. According to Glassnode data, long-term investors realized $68.8M in daily profits in June 2025, showcasing confidence in the ongoing rally. From January 2023 to mid-2024, profits stayed below $50M. November 2024 marked a turning point as profits soared past $300M while XRP broke above $2.50.
Symmetrical Triangle Formation
Since March 2025, XRP price has formed a symmetrical triangle, signaling a potential breakout. Currently, XRP trades at $2.16, with $2.00 support and $2.50 resistance. A bullish breakout could send XRP to $2.94 or even $3.72, while a bearish trend risks dropping prices to $1.32.
Impact of Long-term and Short-term Traders
Long-term holders significantly influenced XRP's profit cycles, especially during vertical rallies. As XRP stabilizes at $2.16, the rise of short-term traders has shifted profit dynamics. The market shows a neutral RSI and tightening Bollinger Bands, reflecting traders' caution.
The XRP market presents opportunities for traders anticipating significant changes. The outcome of the battle between bulls and bears will be pivotal for the price direction.
