XRP is signaling growing investor confidence as more than 80% of its circulating supply is currently profitable. Trading around $2.20, most holders are enjoying gains rather than selling in panic, reflecting a robust base of long-term investors.
According to Glassnode data, XRP’s price has surged above $2, more than triple its level before the sharp rally that began in November 2024. Early adopters who accumulated before the breakout now sit on gains exceeding 300%. Since early June, these holders have been steadily taking profits at an average of $68.8 million per day (7-day SMA), indicating a wave of distribution following the rally.
Is an All-Time High on the Horizon?
XRP’s funding rate recently turned positive at 0.0053%, signaling bullish futures market sentiment. Traders are paying fees to maintain long positions, with long traders outnumbering shorts by over 3 to 1. This strong bullish bias suggests expectations of higher prices ahead.
On-chain activity has cooled off, with daily active addresses declining and trading volume below $1 billion. However, this trend can indicate that long-term holders are holding steady, a common precursor to significant price moves.
Futures open interest surged to $2.8 billion, with over 75% of positions being long, reinforcing the dominant bullish sentiment in the market.
XRP Outperforms Ethereum in Profitability
Compared to Ethereum, where about 61% of the supply is profitable, XRP’s higher profit ratio places it in a technically stronger position. This advantage may attract investors seeking capital allocation opportunities.
Short-term trading metrics also support bullish momentum, with XRP’s long/short ratio above 3.0 across 5-minute, 30-minute, and 1-hour intervals.
Analyst Calls for XRP Price Breakout
Crypto analyst Doctor Profit describes XRP’s chart as “one of the most beautiful” setups currently and remains highly bullish. He predicts XRP could reach $4 within the year. Having accurately called previous key price levels at $0.15, $0.38, and $0.50, he is confident in XRP’s breakout potential and plans to continue backing the asset as it approaches significant gains.
June 2025, Cryptoniteuae