Korean Traders Go Bearish Despite XRP Gains

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A majority of XRP supply is in profit, but rising sell pressure at Upbit could be a sign that a growing number of investors are turning bearish.

XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates that 81.6% of XRP’s current circulating supply remains in profit.

While the profit supply percentage is down from its year-to-date high of 92%, the data set highlighted the retention value for holders despite the recent corrections.

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