Nearly 50% of all XRP Supply is Now in Loss as Price Settles Under $2
Nearly half of the circulating XRP supply is now unprofitable, increasing downside risk as the price trades below $1.94 resistance.Summary
XRP is experiencing a persistent downtrend, with on-chain data revealing that the share of supply in profit has dropped to 52%, meaning nearly 50% of the circulating supply is now underwater. Historically, when XRP profitability falls below 50%, extended drawdowns often follow, suggesting elevated long-term downside risk.
Macro data shows slight distribution from the top 1% of addresses, which control 87.6% of the supply, reinforcing caution regarding a sustained recovery without renewed demand. At the time of writing, XRP was trading near $1.92, capped by a six-week downtrend line near $1.94 resistance.
In the near term, XRP is likely to consolidate between $1.85 and $1.94, remaining vulnerable to selling pressure. A decisive break above $2.00 is required to invalidate the bearish thesis and potentially trigger a broader recovery.
(Source：BeInCrypto)