XRP could be headed for further downside if it fails to secure a meaningful recovery soon, with 41.5% of XRP holders underwater at current prices, according to analysts.
In an X post on Monday, crypto analytics firm Glassnode stated that the “XRP supply in profit” has reached its lowest levels since November 2024, when the price was approximately $0.53.
“Today, despite trading ~4× higher ($2.15), 41.5% of supply (~26.5B XRP) sits in loss — a clear sign of a top-heavy and…
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