4 0
XRP Supply in Profit Drops to 58.5%, Lowest Since November 2024
XRP Market Overview
- XRP is under significant selling pressure as the crypto market turns risk-off.
- Bitcoin's decline below key levels has negatively impacted altcoins, including XRP.
- Analysts suggest a potential bear phase due to tightening liquidity and global economic uncertainty.
XRP Holder Challenges
- A large number of XRP holders are facing unrealized losses, particularly those who bought after the ETF announcement.
- This situation is increasing sell-side momentum due to fear among investors.
Market Conditions
- Global rate volatility, geopolitical tensions, and dollar liquidity issues are contributing to capital outflows from speculative assets.
- XRP needs to stabilize at key support zones to avoid a deeper correction.
XRP Supply and Market Structure
- Glassnode data shows only 58.5% of XRP supply is in profit, its lowest since November 2024.
- 41.5% of circulating supply (~26.5 billion XRP) is at a loss despite higher current prices.
- The market is top-heavy with late-entry investors, leading to increased selling pressure.
XRP Price Analysis
- XRP price is around $2.18, testing a critical support zone.
- Price is below the 50-day, 100-day, and 200-day moving averages, indicating trend weakness.
- Failed attempts to reclaim moving averages show seller dominance.
- Lower highs since September peak indicate diminishing buyer strength.
- Potential next support level if current band fails: $1.70–$1.80.