Why 26.5 billion XRP tokens are now sitting at a loss despite a $2 price tag
Despite a $2 price, 41.5% of circulating XRP, nearly 26.5 billion tokens, is currently at a realized loss due to recent market downturn and profit-taking.Summary
XRP is facing renewed pressure as market conditions have pushed its profitability metrics to levels not seen since late 2024. Glassnode data indicates that only 58.5% of XRP’s circulating supply is currently in profit, with approximately 26.5 billion tokens held at a loss even at the current price of around $2.15. This imbalance is attributed to concentrated trading volume at higher price points, leaving recent buyers vulnerable. XRP has dropped 12% in the last six months and is 40% below its July peak of $3.65. Derivatives activity shows weakening speculative demand, with open interest declining significantly. Long-term holders who purchased XRP below $1 are now actively taking profits, increasing this activity by 240% since September. Despite these short-term challenges, XRP’s fundamentals remain strong, supported by Ripple’s SEC settlement, recent fundraising, acquisitions, and partnerships. The launch of spot XRP ETFs in November 2025, with significant inflows into products like Canary Capital’s XRPC ETF, and continued retail interest suggest potential for a future rebound.
(Source：CryptoSlate)