XRP Early Buyers Accelerate Profit-Taking as Regulatory Wins Bolster XRP Ecosystem

XRP XRP has staged one of the strongest rallies among crypto majors this cycle, but early retail holders are heading for the exit under the surface.
Now trading above $2 — more than thrice its pre-rally base from October 2024 — XRP has become one of the best-performing large-cap tokens over the past 8 months. Investors who bought below 60 cents are sitting on gains upward of 300%, prompting a sharp pickup in profit-taking.
According to on-chain data from Glassnode, the 7-day simple moving average (SMA) of realized profits from XRP wallets hit $68.8 million earlier this month, the highest in over a year. That's a clear sign of distribution pressure, with early accumulators cashing out into strength as the token tests key resistance levels just below its 2021 peak.
That profit-taking pressure may help explain XRP's failure to break above $2.20 in recent sessions, despite multiple bullish headlines and technical tailwinds.While the broader setup remains positive, supported by regulatory clarity in the U.S. and Ripple's growing push into tokenized asset infrastructure, the near-term price action reflects a supply overhang from long-term holders.
A recent CryptoQuant analysis showed that the 1-year cumulative buy/sell quote volume difference for altcoins (excluding BTC and ETH) — a proxy for net investor flows — currently stands at negative $36 billion. That's a sharp reversal from December 2024, when the metric briefly flipped positive, marking a local top for altcoins.
Since then, it's been a one-way bleed, with 'altcoin investors MIA,' CryptoQuant independent analyst Burak Kesmeci said in a Thursday post.
Despite pockets of strength in XRP, SOL, and a few narrative tokens tied to real-world assets (RWAs), the broader altcoin ecosystem remains stuck in a bear market, he noted.
Unless risk appetite returns or capital flows back into Layer 1s, DeFi, and gaming, hopes of an 'altseason' may continue to fade into the summer.Sign in to access your portfolio

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

New York Post

an hour ago

• New York Post

How to buy Bitcoin anonymously in 2025

The New York Post may receive revenue from affiliate/advertising partnerships for sharing this content and/or if you click or make a purchase. Privacy-minded cryptocurrency buyers can follow some best practices to buy and store their Bitcoin anonymously, as long as they're careful to follow local laws. The price of Bitcoin has surged to more than $106,000 as of early June, making investors with significant holdings a ripe target for scammers and thieves. Buyers have a strong incentive to keep a low profile online and use secure, privacy-minded tools like the Best Wallet Anonymous Bitcoin Wallet to store their assets. At the same time, state and federal governments — as well as tax agencies like the IRS — are increasingly focused on regulating crypto transactions. It's crucial to follow all tax reporting obligations to avoid penalties. 'The desire for personal financial privacy is legitimate and justifiable — especially in an era of growing financial surveillance — but there is a distinction between privacy-preserving behavior and unlawful evasion,' said Peter C. Earle, senior economist at the American Institute for Economic Research. 'Buying Bitcoin without verification is legally fraught in many jurisdictions, and doing so anonymously could lead to legal and tax problems,' Earle added. The guide below provides tips and best practices on how to buy and store Bitcoin while minimizing the exposure of your personal information. Are You Crypto Curious? How to start crypto trading today Best Wallet Download the Best Wallet app from the App Store or Google Play. Create an account using just your email — no ID required. Fund your wallet with crypto or other methods — most don't require KYC. Buy Bitcoin instantly and store it securely and privately in Best Wallet. Swap, sell, or stake your Bitcoin (BTC) — all within the Best Wallet app. LEARN MORE Platforms that allow peer-to-peer transactions are one option, according to Earle. These platforms let 'users trade Bitcoin without relying on centralized custody or identity verification, typically by matching buyers and sellers who agree on payment methods such as bank transfers, cash deposits, or in-person exchanges,' he said. That said, due diligence is essential. Only engage in transactions with trusted parties, and avoid deals that seem too good to be true. Some regions still have Bitcoin ATMs that allow withdrawals without ID verification, though they often come with strict withdrawal limits. But even when using privacy-friendly methods, it's important to remember: all Bitcoin transactions are recorded on a public ledger. 'It's technically impossible to be completely anonymous with blockchain, as every transaction, on every chain, is tracked,' said Matthew Ruley, director of content at crypto information site Dypto Crypto. REUTERS Not if you care about anonymity. Experts strongly advise against it. 'Never use a credit card, PayPal, or anything similar if you want to buy Bitcoin anonymously,' said Kadan Stadelmann, CTO of Komodo. 'These platforms are built to track every transaction and already hold your full identity. Using them is like handing over your passport with your purchase.' Also no. PayPal accounts are directly tied to personal identifying information, making them incompatible with any form of private crypto purchase. Yes. Physical cash remains the most anonymous option, more so than crypto itself, since all blockchain transactions are inherently traceable. 'Yes, cash remains the most anonymous way to purchase anything, despite the reputation Bitcoin has gained for this, because all crypto transactions are recorded on the blockchain,' said Nic Puckrin, industry analyst and founder of Coin Bureau. In Canada, more people are exploring how to buy and sell bitcoin, whether as a speculative asset, long-term investment, or gateway to the broader crypto economy. Getty Images For users who want a more secure and less invasive option without fully abandoning digital convenience, tools like Best Wallet can help. With no ID required to set up an account and support for funding via crypto, debit/credit cards, or Apple Pay (with no KYC for most funding methods), Best Wallet lets users buy and manage BTC more discreetly. Yes, in some cases. Peer-to-peer platforms and Bitcoin ATMs in certain regions may allow purchases without identity checks. However, limits often apply, and legal risks vary by jurisdiction. Tools like Best Wallet Anonymous Bitcoin Wallet allow users to create an account without ID and offer private in-app BTC transactions. However, blockchain activity is still publicly visible. It depends on the method and amount. Buying small amounts with cash from another person may be legal, but larger anonymous purchases or those intended to evade taxes may violate federal law. Buying without Know Your Customer (KYC) verification may increase your exposure to scams, limited consumer protections, and legal penalties, depending on your location and transaction amount. New York Post Approved Our No. 1 Pick Best Wallet The Best Wallet app puts security first with biometric logins, two-factor authentication, and full non-custodial control — so you hold your keys, not just your coins. With support for thousands of altcoins across 60+ blockchains, it pairs top-tier security with powerful, user-friendly tools — making it the safest, most innovative way to HODL, swap, and manage your crypto. Learn More 108M+ Users Worldwide Coinbase Coinbase is building a more inclusive financial future for over a billion people, enabling them to trade, stake, spend, and transfer crypto on a secure and trusted platform. It powers the on-chain economy with essential infrastructure, global access, and a commitment to fair, responsible innovation. Learn More 114.9% BTC Reserve Ratio Kraken Kraken takes crypto security seriously, with FIDO2-compliant Passkey logins, encrypted communications, and customizable API permissions that keep your account firmly in your control. With no phone-based recovery, time-locked global settings, and real-time threat monitoring, it's built to protect your assets at every layer. Learn More $232B Platform Assets Robinhood Robinhood Crypto offers a user-friendly platform for trading and transferring digital assets, including the ability to securely and easily send and receive crypto to and from external wallets. With its self-custody Robinhood Wallet, it manages crypto holdings across multiple blockchains, including Ethereum, Bitcoin, and Solana. Learn More 20% of Global Crypto Secured Ledger Ledger is a leading provider of secure hardware wallets, offering devices like the Ledger Nano X and Ledger Stax that protect private keys offline using industry-leading Secure Element chips and a proprietary operating system. Paired with the Ledger Live app, manage over 5,500 digital assets, including cryptocurrencies and NFTs. Learn More 100M+ Users & Growing lets you buy, sell and trade over 400 cryptocurrencies, including Bitcoin and Ethereum, with zero-fee USD deposits, wire, and Apple/Google Pay. With a user base exceeding 140 million, the platform gives advanced trading options, a self-custodial wallet through Onchain, and industry-leading security certifications. Learn More $53T+ in Transactions Uphold Uphold is a multi-asset trading platform that enables users to buy, sell, and swap over 360 cryptocurrencies, 27 fiat currencies, and four precious metals, all in a single step. With features like assisted self-custody via the Uphold Vault, staking rewards up to 16.8%, and real-time reserve transparency, it offers a secure and versatile experience for both beginners and seasoned investors. Learn More The New York Post may receive revenue from affiliate/advertising partnerships for sharing this content and/or if you click or make a purchase.

Yahoo

3 hours ago

• Yahoo

2 Cryptocurrencies to Buy Now Before They Soar 140% and 580%, According to a Wall Street Analyst

Geoffrey Kendrick at Standard Chartered expects XRP to overtake Ethereum as the second most valuable cryptocurrency by 2028. David Puell at Ark Invest thinks Bitcoin can reach $710,000 by 2030 as more institutional investors and companies buy the cryptocurrency. Anyone uncomfortable with volatility should avoid cryptocurrencies, and investors should never anchor to Wall Street's price targets. 10 stocks we like better than XRP › XRP (CRYPTO: XRP) and Bitcoin (CRYPTO: BTC) advanced 565% and 410%, respectively, in the last three years. But certain Wall Street analysts expect the cryptocurrencies to climb even higher in the next few years: Geoffrey Kendrick at Standard Chartered says XRP will top Ethereum by 2028. At current prices, XRP must climb 140% to $5.10 to surpass Ethereum's market value of $302 billion. David Puell at Ark Invest expects Bitcoin to hit $710,000 by 2030. That implies about 580% upside from its current price of $104,000. Here's what investors should know about XRP and Bitcoin. The investment thesis for XRP centers on its ability to facilitate fast and cheap cross-border transactions. It is the native digital asset on the XRP Ledger, a blockchain created by fintech company Ripple to disrupt SWIFT (Society for Worldwide Interbank Financial Telecommunications), the system banks generally use to send money internationally. XRP transactions settle in seconds and cost a fraction of a cent, but SWIFT transactions may not settle for days and often incur larger fees. Yet, very few financial institutions have adopted XRP as a bridge currency to facilitate cross-border payments. I doubt that will change in the future, because cryptocurrency prices are volatile. Why send money as XRP when its price could plunge in a very short period? However, fast and inexpensive transactions mean that the XRP Ledger is also ideal for tokenized assets, a market that will hit $19 trillion by 2030, according to Ripple. Tokenized assets are real-world assets represented as digital tokens on a blockchain. For instance, Guggenheim Treasury Service recently tapped the XRP Ledger to issue digital commercial paper, a fixed-income security. Greater adoption of the XRP Ledger increases demand for the native cryptocurrency, XRP, which could make the token more valuable over time. However, I see a bigger catalyst in the pending approval of several spot XRP ETFs. Bitcoin has gained 125% since the approval of spot Bitcoin ETFs in 2024, and XRP could see similar price appreciation. The investment thesis for Bitcoin centers on its status as digital gold. Investors see the cryptocurrency as a hedge against inflation and the devaluation of fiat currencies like the U.S. dollar. In fact, the U.S. Dollar Index has declined 10% year to date, but Bitcoin has advanced 13%. That trend is likely to continue in the years ahead because, unlike fiat currencies, Bitcoin supply is limited. Importantly, institutional investors are increasingly comfortable owning Bitcoin. Forms 13F filed for the first quarter indicate that the number of large asset managers (with $100+ million in securities) with positions in the two most popular spot Bitcoin ETFs -- the iShares Bitcoin Trust and the Fidelity Wise Origin Bitcoin Fund -- more than tripled in the past year. Meanwhile, many companies are adding Bitcoin to their balance sheets. Strategy (formerly MicroStrategy) has essentially turned itself into a Bitcoin investment vehicle. It owns 582,000 BTC, purchased at an average price of $70,086, and it plans to invest another $56 billion through 2027. Other companies are following the same playbook, including Mara and Semler Scientific. Here's the bottom line: XRP and Bitcoin could be worth much more in the future due to the catalysts outlined above, But neither is a wise investment for anyone uncomfortable with extreme volatility, and investors should never anchor to price targets set by Wall Street. Finally, between the two, I would choose Bitcoin in a heartbeat because it has the distinct advantage of being the largest, most liquid, and best known cryptocurrency. Additionally, spot Bitcoin ETFs make it easy to get Bitcoin exposure. The same cannot be said (yet) about XRP. Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Semler Scientific, and XRP. The Motley Fool recommends Standard Chartered Plc. The Motley Fool has a disclosure policy. 2 Cryptocurrencies to Buy Now Before They Soar 140% and 580%, According to a Wall Street Analyst was originally published by The Motley Fool

Business Upturn

7 hours ago

• Business Upturn

XRP and DOGE are back with a bang, and the environmentally friendly cloud mining platform attracts millions of users with easy mining

Newark, New Jersey, June 20, 2025 (GLOBE NEWSWIRE) — XRP is back in the spotlight after winning a lawsuit against the U.S. Securities and Exchange Commission (SEC), while Dogecoin is also back in the spotlight due to renewed speculation about Elon Musk's cryptocurrency ambitions. As attention returns to mainstream digital assets, more mining companies are turning to solar and wind power to reduce costs and improve efficiency. This shift toward clean energy is driving the development of platforms like OPTO Miner, which leverage sustainable infrastructure to provide users with a smarter, more responsible way to mine cryptocurrency. In today's rapidly changing cryptocurrency market, cloud mining is quietly becoming an ideal choice for more and more investors, especially novices. There is no need to purchase mining machines, configure equipment, or bear high electricity bills or maintenance costs. Just select the appropriate computing power contract on the platform, and the system will automatically run and generate stable income, truly realizing 'easy to get started, continuous income'. So, what is cloud mining? Simply put, a professional platform completes the entire mining process on behalf of users. Users only need to pay the computing power fee to obtain daily income as agreed. Compared with traditional mining, this model greatly reduces the participation threshold while retaining the core advantage of continuous value-added. For those who do not want to be affected by market fluctuations and do not want to invest too much energy in equipment, the efficient cloud mining service provided by OPTO Miner is undoubtedly a more worry-free and stable way to earn passive income. Especially as the platform provides free trial contracts and green energy drive, cloud mining is becoming a new starting point for more and more investors to expand digital assets. Why choose OPTO Miner: OPTO Miner is a platform that is particularly friendly to beginners. It is easy to operate and has a clear interface, and you can quickly get started without any technical background. Even if you know nothing about cryptocurrency, you can start your mining journey smoothly. At present, the platform has hundreds of mining farms and more than one million devices around the world, all of which rely on clean energy to run, which is both environmentally friendly and efficient. It is this model that has attracted more than nine million users worldwide to join. Its appeal also lies in the fact that there is a generous passive income every day. There is no need to stare at the screen for a long time, and there is no need to make complicated settings to get a stable income, which is very friendly to those who want to make money through mining. In addition, OPTO Miner attaches great importance to safety. The platform adopts multiple protection measures to ensure the safety of user assets and promises open and transparent operations. All mines use renewable energy such as solar energy and wind energy, which not only reduces damage to the environment, but also brings more lasting returns to users. The platform also provides many benefits, such as a $15 registration bonus for new users, daily settlement of income, no hidden service fees, support for multiple mainstream cryptocurrency settlements, etc. You can also get generous referral rewards by recommending friends to join, plus 24-hour customer service and a stable system, making the entire mining experience easy and worry-free. Platform advantages: ⦁Get a $15 bonus immediately after signing up. No additional service fees or management fees. ⦁The platform supports multiple cryptocurrencies such as XRP, SOL, DOGE, BTC, LTC, ETH, USDC, USDT and BCH. ⦁The company's affiliate program allows you to refer friends and get up to $5,0000 in referral rewards. ⦁McAfee® security, Cloudflare® security, 100% uptime guarantee and excellent 24/7 live technical support. How to join OPTO Miner: Step 1: Register an account OPTO Miner provides a simple registration process, you only need to enter your email address and create an account to participate. After registration, users can immediately start mining Bitcoin and other cryptocurrencies. Step 2: Purchase a mining contract. Currently, OPTO Miner also offers a variety of mining contracts to choose from, such as $100, $500 and $1,000 contracts, each with a unique return on investment and a specific contract period. ( Please visit the official website to view the contract content) After purchasing a contract, you will receive your earnings the next day. When your earnings reach $100, you can choose to withdraw to your cryptocurrency wallet or continue to purchase other contracts. Website: Application: APP Download Email: [email protected] was founded in the UK in 2018 , focusing on compliant cloud mining. With data centers around the world and advanced intelligent computing systems, OPTO Miner has built a stable and efficient mining ecosystem. Currently, OPTO Miner serves more than 7 million users in more than 180 countries, providing low-threshold, sustainable income solutions for global cryptocurrency investors. Disclaimer: The information provided in this press release is not an investment solicitation, nor is it investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risks. There is a possibility of financial loss. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash