XRP Supply Underwater at Historic Levels Amid Market Downturn
- 36.8 billion XRP tokens are currently held at a loss.
- The USD value of XRP in loss has reached approximately $50 billion.
- This high level of supply in loss has been surpassed only once before in the current cycle.
On-chain analytics reveal that a significant portion of XRP supply is underwater, reflecting the recent bearish trend in the cryptocurrency market. The data indicates increased investor pain, with substantial capital now sitting at a net unrealized loss.
The current state suggests that investor losses are nearing historically high levels, potentially signaling a market bottom for XRP as it trades around $1.35, down over half a percent recently. (Source)
