XRP has stunned the crypto world with an explosive 300% price rally, reaching over $2 and delivering massive gains for early investors. According to blockchain analytics firm Glassnode, the surge began in late 2024 and has sparked a wave of profit-taking, with over $68.8 million in daily profits realized in early June alone.

The dramatic upswing is attributed to a combination of regulatory progress, Ripple’s growing influence in cross-border payments, and renewed investor confidence following years of legal uncertainty.

Glassnode Highlights a Sharp Shift in Market Behavior

Glassnode’s recent analysis, shared on June 19 via the social platform X (formerly Twitter), highlights how XRP’s price has more than tripled since November 2024. The firm 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.”

In a detailed chart titled “XRP: Realized Profit by Profit Margin,” Glassnode illustrated the scale and pace at which profits are being cashed out. The data shows a significant spike in realized profits beginning in November, perfectly aligned with the start of XRP’s steep price climb.

$68.8 Million in Daily Realized Gains Signals Mass Distribution

In early June, realized profit levels soared to $68.8 million per day, based on a 7-day moving average. This indicates a period of heavy distribution, particularly from early holders who positioned themselves before XRP’s breakout.

Such profit-taking behavior is typical after large rallies, and while it often leads to short-term consolidation, analysts suggest it doesn’t necessarily signal the end of the trend. Instead, it reflects a healthy market dynamic where long-term investors realize gains while new participants enter on renewed optimism.

Cross-Border Payments and Legal Clarity Fuel Investor Confidence

XRP’s rally isn’t happening in a vacuum. Key developments behind the scenes are providing strong fundamental support for its recent price action.

• Regulatory clarity has improved following Ripple’s progress in its long-running legal battle with the U.S. Securities and Exchange Commission (SEC).

• The crypto community is optimistic about a favorable settlement approval by the court, which would close a major chapter of uncertainty.

• Ripple’s ongoing partnerships and XRP’s growing role in cross-border payment systems continue to gain traction.

Brad Garlinghouse, CEO of Ripple, recently stated that XRP is on track to capture up to 14% of SWIFT’s global cross-border payment volume within five years. According to him, XRP offers a liquidity-driven advantage over traditional systems that rely on outdated messaging protocols.

XRP’s Role in Financial Infrastructure Is Expanding

The combination of high-speed, low-cost transfers and growing integration with global payment partners has elevated XRP’s status in the crypto ecosystem. It is no longer seen merely as a speculative asset but as a solution with real-world utility—particularly in emerging markets where remittance services are essential.

What’s Next for XRP?

While some profit-taking is natural after a 300% rally, market participants are closely watching XRP’s next moves. If Ripple’s settlement with the SEC receives final approval, it could remove one of the last major obstacles standing in the way of broader institutional adoption.

Moreover, analysts believe XRP’s technical indicators still leave room for further growth. With support now forming near the $2 mark and strong investor sentiment in play, a consolidation phase may simply set the stage for another leg up.

However, caution remains necessary. As with any volatile asset, price retracements can occur quickly. Traders and investors are advised to track both on-chain data and regulatory developments as the situation evolves.

Final Thoughts

XRP’s 300% rise has reshaped the narrative around the token. What was once mired in legal battles and skepticism is now reemerging as a market leader backed by utility, adoption, and a maturing ecosystem.

The surge in profit realization demonstrates that long-term holders have been rewarded, while new participants see opportunity in XRP’s evolving role in global finance. With regulatory hurdles potentially clearing and real-world use cases growing, XRP may not just be rallying—it may be reinventing its future.