XRP might be headed for additional draw back if it fails to safe a significant restoration quickly, with 41.5% of XRP holders underwater at present costs, in response to analysts.
In an X post on Monday, crypto analytics agency Glassnode acknowledged that the “XRP provide in revenue” has reached its lowest ranges since November 2024, when the value was roughly $0.53.
“Immediately, regardless of buying and selling ~4× greater ($2.15), 41.5% of provide (~26.5B XRP) sits in loss — a transparent signal of a top-heavy and structurally fragile market dominated by late consumers,” mentioned Glassnode.
IG Australia market analyst Tony Sycamore advised Cointelegraph the latest worth drop has probably come as a shock to many XRP traders, and the top-heavy construction means some could also be trying to reduce their losses if the downward development continues.
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“The date means that many XRP holders probably purchased when XRP was above $3.00 ( Jan, July, August, September, and early October), leaving their entry level effectively above the present ~$2.16 degree,” Sycamore mentioned.
“The 40%+ sell-off from July $3.66 excessive has blindsided each long-term hodlers anticipating perpetual upside and newer entrants who purchased close to the highs attributable to FOMO and considered dips as a shopping for alternative,” he mentioned.
Sycamore mentioned this widespread unrealized loss is now weighing on sentiment and raises the chance of additional draw back, as stop-losses and compelled gross sales may improve promoting strain.
“Restoration would require a decisive rebound again above $2.70,” he mentioned.
Nonetheless, one issue that holders are hoping will assist return bullish momentum to XRP is the wave of exchange-traded funds (ETFs) which might be expected to hit the market this week.
Following the launch of the primary spot-XRP ETF by Canary Capital on Thursday, which marked probably the most successful first-day performance for US ETFs in 2025, there are 4 extra ETFs from Franklin Templeton, Bitwise, 21Shares and CoinShares simply days away from launch.
Nonetheless, the price has yet to point out a resurgence. XRP is at present $2.14 on the time of writing, down over 40% since reaching its all-time excessive of $3.65 on July 18.
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