XRP Faces Intensifying Selling Pressure Amid Market Downtrend
- XRP’s supply in profit has decreased to 58.5%, its lowest since November, despite a higher price of around $2.15.
- Approximately 26.5 billion XRP are currently underwater, representing about 41.5% of the circulating supply.
- The broader crypto market is experiencing a risk-off environment, with Bitcoin’s decline impacting altcoins like XRP.
- XRP is trading below key moving averages and faces strong resistance near the $2.50–$2.60 range.
The current macroeconomic conditions, including tightening liquidity and rising global uncertainty, are contributing to increased selling pressure on XRP as it struggles to maintain support levels amid a broader market downturn.
With significant portions of XRP holders facing losses, the potential for panic-driven selling could lead to further price declines unless demand stabilizes at critical support zones (Source).
