XRP Profitability Hits 83% – Sell Pressure-Induced Price Dip Likely
Despite 83% of XRP supply being profitable, increased selling pressure from short-term holders suggests a likely near-term price dip.Summary
XRP's price is facing bearishness as on-chain data shows approximately 83% of its circulating supply is now in profit, a level that historically increases selling pressure as investors look to realize gains. Short-term holders, who are typically reactive, have noticeably reduced their holdings over the past week, indicating continued distribution that limits upside potential. Furthermore, exchange net position change data shows selling influence remains, as outflows have not been fully overtaken by inflows. Trading near $2.25, XRP is showing overbought conditions according to the Money Flow Index (MFI), suggesting a correction risk. If selling persists, the price could slip below $2.19 toward $1.80 support; however, a decisive break above $2.36 resistance would invalidate this bearish outlook.
(Source：BeInCrypto)