Glassnode Analysis Points to XRP Selloff as Price Stalls

• Massive XRP sales have been taking place since June, with an average profit of US$70 million.
• XRP has been stuck between $2,1 and $2,5 for months.
• Bollinger Bands narrow, signaling a possible price breakout.

The latest data from Glassnode reveals an alarming trend among XRP investors. Since the beginning of June, many have started selling their tokens, with an average daily profit of around $70 million. This movement is mainly due to the fact that a large portion of investors bought XRP in large quantities when the price was around $0,6, ahead of the 2024 US elections. However, since then, the price of the cryptocurrency has failed to repeat its historical performance, which in 2018 took the value of XRP to almost $3,4.

The main reason for this stagnation is related to the lack of significant movement in the price, which has remained stuck between $2,1 and $2,5 for several months. This is due to a number of global factors, such as Trump’s tariffs and tensions in the Middle East, which have affected the market overall. However, after a brief dip below this range, XRP has returned to consolidate in the $2,1 region.

XRP is trading above $2, more than three times above its base price before the massive rally in November 2024. Investors who accumulated the asset earlier have accumulated gains of over 300%. In early June, they began taking profits at a pace of $68,8 million per day (7D SMA), signaling a wave of distribution by early holders.

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 early June, they began realizing profits at a pace of $68.8M per day (7D-SMA), signaling a wave of… pic.twitter.com/N8DLs0EXpQ

- glassnode (@glassnode) June 19, 2025

Analysts believe that this consolidation may be nearing its end, as XRP’s Bollinger Bands have been narrowing in recent weeks. This compression could be a sign that the asset is about to break out of this price range and start a new move.