Expert On XRP Price: This is the Floor Before Institutions Take Over

Professional gamer and cryptocurrency enthusiast Chad Steingraber has weighed in on recent XRP market activity, stating that “most XRP sellers have been retail, and yet still the price is holding over $2 the entire time.” According to Steingraber, this persistent price level, despite widespread selling from individual investors, represents “the floor before institutions take over.” His comment followed data released by blockchain analytics firm Glassnode that pointed to a significant wave of profit-taking in early June 2025. Steingraber’s assessment reflects a growing belief among market participants that the current XRP price floor is being maintained in preparation for potential institutional entry . He implied that retail traders may be exiting their positions prematurely, while larger market players have yet to fully engage. His observation came at a time when XRP remains above $2, despite notable realized profits from earlier buyers. Most XRP sellers have been retail, and yet still the price is holding over $2 the entire time. This is the floor before institutions take over. https://t.co/xlRSlTtWVL pic.twitter.com/m5DG0FmPkM — Chad Steingraber (@ChadSteingraber) June 19, 2025 Glassnode Data Shows Strong Profit Realization Glassnode’s latest chart illustrates the realized profits of XRP investors categorized by profit margin. According to their tweet, XRP is now trading at over three times the level it was before the rally that began in November 2024. Holders who accumulated earlier are now sitting on gains exceeding 300%. During the first week of June 2025, realized profits hit $68.8 million per day based on the seven-day simple moving average, a strong indicator of distribution activity. The chart shows these profit realizations in aggregate, with clear spikes aligning with major price movements. The most significant realized profit volumes appeared after XRP surged past $2, with selling behavior becoming more visible in early 2025. Despite these substantial exits, XRP’s price has shown resilience, remaining elevated and avoiding sharp reversals. Retail Investors Taking Profits While Others Hold The selling trend described by Glassnode and echoed by Steingraber suggests that many retail investors chose to lock in gains after the sharp rally. However, not all market participants have taken that path. A user named Vincent, replying to Steingraber’s post, stated , “Not me I didn’t sell a single xrp unlike most retail I actually have diamond hands not selling till my targets hit.” His comment reflects a segment of the retail base committed to longer-term holding, even amid high profitability. It’s important to note this divide in behavior among retail investors. While some are realizing substantial profits, others are maintaining their positions, expecting further appreciation. The fact that both behaviors coexist while the price remains stable indicates strong market liquidity and steady demand absorption. As XRP continues to trade in this elevated range, analysts and investors will closely watch for shifts in ownership patterns, especially signs of increased institutional allocation. For now, data shows that early holders are locking in gains, while others wait for higher targets, and XRP’s price continues to hold firm above $2. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Expert On XRP Price: This is the Floor Before Institutions Take Over appeared first on Times Tabloid .

Source: TimesTabloid