XRP holders locked in the biggest profits in almost a year last month, according to new data from Glassnode. Profit-taking volume reached $375 million on July 24, marking the highest distribution event since the rally of December 2024.
What Happened in July
XRP started July strong, climbing to a new peak of $3.66 early in the month. But by the end of July, the mood had changed. On July 23, XRP suffered a steep 10.34% drop in one day, its largest intraday fall in three months.
The very next day, panic selling and profit-taking surged. Glassnode data shows that long-term holders, especially those holding for two years or more, drove much of the $375 million in realized profits.
This event echoed December 2024, when XRP soared nearly 290% in six weeks before investors rushed to cash out.
After the July 24 sell-off, XRP managed to hold above $3 briefly. But the heavy distribution eventually dragged the price lower, leading to a 13.2% slide by August 2. XRP has since rebounded, but analysts warn that profit-taking pressure remains a key factor in its volatility.
#XRP Profit-Taking Volume Hits $375M, Highest Since December 2024 Rally, Glassnode Data Reveals. #Ripple🧵🧵🧵 pic.twitter.com/rkleW9mqUH
— TheCryptoBasic (@thecryptobasic) August 21, 2025
Why Profit-Taking Spiked
Part of the explanation lies in address profitability. Glassnode and Santiment data both show that when XRP traded above $3 in July, over 90% of all addresses were in profit, with the figure peaking at 94%.
Market commentator Winny flagged this at the time, warning it could trigger a wave of profit-taking. That forecast has played out, and despite the correction, 93% of addresses are still in profit today.
The data indicates that while XRP is in a healthier spot than in past profit-taking phases, the high level of profitable holders could mean more selling pressure ahead.
Even so, analysts note that XRP’s price has shown resilience compared to previous cycles. Strong fundamentals – including legal clarity, ongoing institutional interest, and Ripple’s expanding partnerships – may help cushion the impact of further sell-offs.
Read also: Here’s the XRP Price if BlackRock Files for a Ripple ETF
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