XRP under pressure from profit-taking and weak technical signals
Ripple's XRP has positioned itself among the most profitable digital assets of this cycle, offering substantial gains to investors. Its breakout at the end of 2024 helped consolidate its place as one of the best performers, even as Ripple's regulatory battle with the SEC nears its end.
In summary
XRP is among the top performers of this cycle, with early investors achieving over 300% gains.
Profit-taking has begun, with $68.8M in daily XRP sales reported since early June.
Open interest in XRP futures fell by 25%, replicating past patterns that preceded price drops.
The price trades below the 50 and 100-day simple moving averages, showing weak momentum and caution from buyers.