On-chain metrics indicate XRP bottom lies lower, more downside ahead

Analyst flags risk of a lower XRP bottom. Profit-days metric hasn’t hit historic zones.

On-chain analyst Joao Wedson says the early rebound in XRP hasn’t started yet. He points to the “Number of Days Spent At A Profit” staying well below past peak zones that preceded bottoms, implying more downside is possible in the near to mid term source.

This metric measures how long holders have been in profit versus past prices. Historically, extreme readings aligned with local lows. Wedson notes today’s readings are not there yet post.

Santiment reports rapid XRPL address growth, led by small holders. Wallets with under 100 XRP (“shrimps”) now total about 5.66 million addresses. Mid-tier wallets (100–100,000 XRP) reached roughly 2.01 million. Large-holder wallets (>100,000 XRP) stand near 32,054 and grew only marginally source.

Limited whale expansion suggests less top-heavy influence on price. A local bottom may still sit lower, per recent market reads analysis.

At writing, XRP trades near $1.44, down 0.4% day over day source.

Headline
Analyst sees no XRP rebound yet; 5.66m small addresses, whales at 32,054