XRP Profits Fall To November 2024 Low But New Investors Attempt To Revive Price
BeInCrypto
XRP's unrealized profits hit a 12-month low amid a 10% price drop, yet new investors are accumulating the asset.Summary
XRP is currently struggling under bearish pressure, having dropped 10% recently, causing unrealized profits for holders to fall to a 12-month low, suggesting many investors are holding at a loss or minimal gain. Despite this weakness, new investors are actively accumulating XRP, with new addresses peaking at 12,000, which could stabilize selling pressure and signal potential optimism. At the time of writing, XRP trades around $2.26, holding support near $2.27; maintaining this level could lead to consolidation and a potential bounce toward $2.35 or $2.45, but a drop below $2.27 would confirm a deeper correction.
(Source：BeInCrypto)