The 41.5% of XRP’s supply remains underwater, despite the price rising from $0.53 in November 2024. According to Glassnode, only 58.5% of the supply is in profit, the lowest level in a year. Many investors bought XRP above $2.15 and are still holding losing positions.
In total, around 26.5 billion XRP are at a loss for the most recent holders. This concentration of underwater positions suggests that any further drop could trigger panic selling, increasing downward pressure on the price. Glassnode describes the situation as “structurally fragile” due to the combination of recent purchase prices and the proportion of affected holders.
Analysts note that most investors bought XRP near recent highs rather than at lower levels, leaving the market vulnerable to significant corrections. The trend shows that, despite the token’s rebound, a large portion of the supply remains exposed to unrealized losses, a factor that could heighten future volatility and influence short-term investor behavior
ente: https://x.com/glassnode/status/1990532097195585564
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