XRP Profit Share Slides to 58.5% as Correction Risks Rise

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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, with late buyers holding significant losses, as the market remains structurally fragile and vulnerable to sharp corrections.

XRP’s price has remained largely unmoved despite a series of spot XRP ETF launches throughout November, offering US investors direct exposure to the XRP Ledger’s (XRPL) native cryptocurrency. This includes Franklin Templeton’s EZRP, which debuted on November 18, followed by additional products from Bitwise, 21Shares, and CoinShares, which are expected to roll out between November 19 and 22 on the Nasdaq Global Market.

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