XRP’s Wild Ride: 300% Gains and Counting, But What’s Next?

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XRP, the fourth-largest cryptocurrency by market capitalization, is still riding high above the $2 mark, boasting gains of over 300% from its pre-rally levels in November 2024. 📈💰

Early investors are sitting pretty with gains of over 300%, according to Glassnode. But hold on to your hats, folks, because signs of market rotation are starting to emerge. 🌪️🎢

XRP is trading above $2, more than 3x higher than its base price before the 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…

— glassnode (@glassnode) June 19, 2025

At the time of writing, XRP is up 0.13% in the last 24 hours to $2.17. XRP has been bouncing around between $2.06 and $2.338 since late May. The daily RSI has flattened slightly below the 50 midpoint, hinting at the possibility of consolidation or range trading in the near future. 📉🔄

But wait, there’s more! If the price falls further and breaks below $2, it might signal the start of a new downward trend to $1.61. On the other hand, buyers will benefit from a close above $2.34, and XRP may then rise to the overhead resistance of $2.65. 📈🚀

XRP news

This week, Canadian asset management firm 3iQ launched a new XRP-focused ETF for North American investors. The 3iQ XRP ETF (XRPQ), now listed on the Toronto Stock Exchange (TSX), provides long-term exposure to the fourth-largest digital asset by market capitalization. 3iQ’s latest ETF follows another XRP-focused launch from Purpose Investments, which started trading its spot XRP ETF this week.

The U.S. Securities and Exchange Commission has launched a public comment period for Franklin Templeton’s proposed ETFs, the Franklin XRP ETF and the Franklin Solana ETF, both of which seek to list on the Cboe BZX Exchange. 📝🗳️

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2025-06-20 17:00