💰 XRP's Soaring Rally: A 300% Return for Investors Amid Regulatory Clarity
📈 XRP has experienced an explosive rally, delivering over 300% returns for investors, fueled by increasing regulatory clarity and its dominance in cross-border payments. Blockchain analytics firm Glassnode highlighted this remarkable performance, noting that XRP has surged above $2, reaching a price more than three times higher than before the rally that began in November 2024.
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,
Glassnode stated.
💸 The firm also pointed out that in early June, investors began realizing profits at a rate of $68.8M per day, indicating a wave of distribution by early holders. A chart shared by Glassnode titled “ XRP: Realized Profit by Profit Margin,” showed a significant spike in realized profits starting around November 2024, coinciding with XRP's rapid price increase.
🔍 Market participants are closely watching XRP's performance following these substantial gains. The token's use in cross-border payment systems and the increasing regulatory clarity are seen as key strengths supporting its ongoing development. The rally and strong realized profits highlight the growing interest in XRP within the broader cryptocurrency market.
⚖️ Additional momentum has come from optimism surrounding the anticipated approval of the settlement between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) regarding XRP. Ripple CEO Brad Garlinghouse predicts that XRP will capture 14% of SWIFT’s global cross-border payments within five years, driven by its superior liquidity solutions over traditional messaging-based systems.