XRP Profit Tops 93% with NUPL Peak: Risk of 20% Correction
On-chain data from Glassnode shows 93.92% of XRP supply is in profit after climbing above $3. Historically, profit rates above 90% have marked macro tops for XRP, as seen in early 2018 and April 2021, which preceded declines of 95% and 85%. The NUPL indicator has entered the “belief–denial” zone, signaling peak risk. Technically, XRP trades inside a descending triangle with support at $3.05. A break below could trigger a 20–23.5% correction toward $2.39, while a rally above the falling resistance could negate bearish signals and push prices toward $6. Traders should monitor on-chain metrics and technical levels to gauge XRP’s short-term outlook.
Bearish
The report highlights that over 93% of XRP supply is in profit and the NUPL indicator has reached historical peak zones, conditions that have preceded major declines for XRP in the past. The descending triangle pattern with support at $3.05 reinforces the risk of a near-term correction of up to 23.5%. While a breakout above resistance could drive prices higher, the prevailing on-chain metrics and technical setup point to heightened selling pressure. This combination suggests bearish sentiment in the short term, though a sustained reversal above the triangle could alter the outlook in the longer term.