XRP Faces Selling Pressure Amid High Holder Losses
- 41.5% of XRP supply, approximately 27 billion tokens, is currently in loss.
- The profitability level for XRP holders is at its lowest since November when the price was $0.53.
- XRP trades around $2.19, down more than 10% over the past week.
- Canary Capital launched the first spot-XRP ETF on November, marking a significant event for US ETFs in the year.
XRP’s market is under pressure as a significant portion of its supply is held at a loss, reflecting a top-heavy structure with many holders having purchased at higher prices. The recent launch of an exchange-traded fund tied to XRP could influence market dynamics by introducing new capital flows.
Despite trading significantly higher than past lows, nearly half of XRP holders face losses, potentially increasing selling pressure unless new demand from ETFs stabilizes the market (Source).
