Sat Jun 21 21:40:00 UTC 2025: **XRP Price Could Plunge 35% as Profit-Taking Accelerates, Data Suggests**
**[City, State] –** XRP, the cryptocurrency associated with Ripple, is facing a potential price correction that could see it drop as much as 35%, potentially revisiting the $1.35-$1.60 range, according to on-chain data and technical analysis.
Data from Glassnode indicates that investors who acquired XRP before the November 2024 rally are now realizing significant profits, averaging $68.8 million daily. These early adopters, who saw returns exceeding 300%, are now driving a wave of distribution as prices have tripled.
Analysts are drawing parallels to XRP’s 2017 bull run, where a similar surge in profit-taking preceded a substantial market correction. If this pattern repeats, XRP could face further downward pressure in the coming months.
Adding to the bearish outlook, over 70% of XRP’s realized market cap has formed since late 2024, indicating a market dominated by newer holders. This creates a “top-heavy” structure that’s historically vulnerable to sharp sell-offs during periods of volatility.
Furthermore, the Spent Output Profit Ratio (SOPR) for holders of 3 million to 6 million XRP, who entered the market after the November rally, has been steadily declining, suggesting they are barely breaking even at current prices. If selling pressure from these newer holders intensifies, XRP could fall to the $1.50-$1.60 range and possibly test the $1.35 level.
Technically, XRP’s descending triangle pattern also points to a potential downside target of around $1.30.
However, analysts also note that a decisive bounce from the 50-week exponential moving average could invalidate the bearish setup and potentially propel XRP towards $3 or higher.
*Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency investments are highly volatile, and investors should conduct their own research before making any decisions.*
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