XRP Supply in Profit Mirrors 2022 Bear Market Levels: Is $1.10 Next?

XRP's price is showing signs of a potential drop to $1.10 as the percentage of XRP coins in profit has fallen to 43%, a level not seen since November 2024. Historically, when this metric drops below 50%, it indicates a shift from optimism to despair, leading to panic selling and capitulation, as observed in previous bear markets. For instance, between January and June 2022, XRP's price plummeted from over $0.75 to $0.30 when its profitable supply fell to as low as 20%. Investors who bought XRP above $2 in the past year are reportedly realizing losses of $20 million to $110 million daily since November 2025. The Mean Value to Realized Value (MVRV) for XRP traders is at its lowest since the FTX crash in November 2022, suggesting potential buying opportunities but also indicating that further selling could occur as investors try to cut losses. Technically, XRP/USD has broken down from a rising wedge pattern on the daily chart, with the breakdown below the lower trendline at $1.37 on March 27. If XRP fails to reclaim the trendline and the 50-day moving average around $1.38, the pattern suggests a move towards the measured target of $1.10, approximately 16% lower.

(Source：Cointelegraph)