XRP Mid-Term Holders Report 11% Profit as Other Coins Show Losses
On-chain data indicates that top buyers of XRP are currently experiencing an 11% net profit. Other cryptocurrencies show differing trends.
XRP Top Buyers Profitability
- Top XRP buyers' profitability is based on the Realized Price metric, which tracks average acquisition costs.
- The current price for mid-term holders (3 to 6 months) of XRP is significantly above their cost basis.
- Holders of XRP are at a profit margin of 11%.
Comparative Analysis of Other Cryptocurrencies
- Solana mid-term holders face a 28% unrealized loss.
- Ethereum mid-term investors are down about 36% in net unrealized losses.
- Bitcoin mid-term holders have a marginal loss of 1%.
Market analysts note that the trend of major cryptocurrencies being underwater suggests potential market weakness.
XRP Current Price
The current price of XRP is approximately $2.13, reflecting a decline of nearly 4% over the past week.