XRP Profit Share Slides to 58.5% as Correction Risks Rise
Visit this link to make money with bitcoin and other cryptocurrencies. Receive daily altcoin signals with the best crypto trading startegy – https://telegram.me/freecryptosignalsdaily Despite a flurry of XRP spot ETFs, 26.5 billion XRP remain unprofitable. Ripple (XRP) has witnessed tremendous pressure amidst the recent market-wide meltdown. The crypto asset fell by more than 11% over the past week as a result, and briefly touched the lows of $2.10 before stabilizing near the press time price of $2.20. Data now suggests that nearly half of the XRP supply sits in loss, indicating late buyers face a high risk. Glassnode’s latest data shows that only 58.5% of XRP is currently in profit. This is the lowest level since November 2024, when the price was trading near $0.53. Despite XRP’s modest rebound near the current level, about 41.5% of the supply, which is roughly 26.5 billion tokens, remains underwater. The blockchain intelligence platform stated that this highlights a top-heavy market,...