XRP Surge Holds: 300% Above Pre-Rally Levels

XRP continues to hold its strong position in the cryptocurrency market, remaining more than 300% above the levels it traded at prior to its remarkable rally that began in November 2024. As the fourth-largest crypto asset by market capitalization, XRP has been showing resilience even amid signs of market rotations and profit-taking.

According to recent data, XRP is comfortably trading above the $2 threshold. This reflects a three-fold increase from its earlier base, reinforcing confidence among investors who entered the market before the sharp uptrend. Many of these early adopters are now enjoying substantial gains as a direct outcome of the surge.

Data from Glassnode reveals that in early June, investors began to realize profits at a significant pace, averaging $68.8 million per day based on the seven-day moving average. This strong wave of realized gains suggests seasoned holders are distributing some of their holdings, possibly to newer retail participants enthused by XRP’s bullish momentum.

At the time of writing, XRP has posted a modest 0.13% increase in the past 24 hours, maintaining a price of $2.17. The digital asset has remained in a relatively stable range between $2.06 and $2.338 since late May. This period of consolidation is underscored by a daily Relative Strength Index (RSI) that has settled just below the 50 mark, indicating neutral market momentum and potential range-bound behavior in the near term.

While the current consolidation can be seen as a healthy pause, technical analysis highlights possible scenarios depending on price movement. Should XRP manage to close above the key resistance at $2.34, buyers could propel the token toward the next overhead resistance level at $2.65. On the other hand, if the price dips below the psychological support at $2, it might signal a bearish shift, with a potential decline toward $1.61.

Beyond price action, Ripple’s ecosystem is also seeing noteworthy institutional involvement. This week, Canadian investment firm 3iQ launched a dedicated XRP-focused ETF, the XRPQ, which is now trading on the Toronto Stock Exchange (TSX). This represents a key move to provide North American investors with long-term exposure to XRP through regulated financial vehicles.

The 3iQ fund follows closely behind another similar product by Purpose Investments, which also launched a spot XRP ETF earlier this week. The increasing number of investment products centered around XRP could signal growing confidence in the asset’s prospects, especially among more traditional financial players.

Moreover, the attention from institutions doesn’t end there. The U.S. Securities and Exchange Commission (SEC) is currently reviewing public comments for proposed cryptocurrency ETFs from Franklin Templeton. These include offerings focused on both XRP and Solana, with the intention to list them on the Cboe BZX Exchange. If approved, these ETFs could further solidify XRP’s presence in institutional portfolios and expand access to regulated crypto exposure in the United States.

Related: Expert Advice: Sell XRP If You’re Confused

XRP’s ability to sustain gains above its previous rally base underscores a maturing support level, strengthened by strategic investor interest and structural developments in the crypto investment space. Whether this momentum carries forward depends heavily on technical factors and broader market dynamics, but key developments show a continuously strengthening narrative for XRP in 2025.