XRP Profitability Nears Bitcoin’s as Most Holders Remain in the Green, Risk of Short-Term Pullback Rises
XRP continues to show strong profitability even as its price trades sideways and the broader crypto market faces selling pressure. Recent analytics from Glassnode and Santiment reveal that over 98% of XRP’s circulating supply is currently in profit, surpassing major altcoins like Ethereum, Dogecoin, Cardano, and Chainlink, and just behind Bitcoin, which leads at 98.4%. Despite a 5% price drop in the past week and trading around $2.3—still 30% below its 2018 peak—most XRP holders are in a profitable position. Elevated on-chain activity, including a 21.7% spike in transaction volume, reflects strong market engagement and potential confidence in XRP’s future. However, analysts caution that extremely high profitability increases the risk of short-term profit-taking and price pullbacks. Conversely, periods when few holders are in profit may signal undervaluation and new entry points. For crypto traders, these profitability metrics and rising transaction volumes are key indicators of market sentiment and possible volatility, particularly as XRP tests support at the $2.3 level.
Neutral
XRP’s exceptionally high profitability metrics indicate strong past investor performance and continued market engagement. However, such high levels of profit among holders historically increase the risk of short-term profit-taking and subsequent price retracements, as traders may start to realize gains. At the same time, robust transaction volumes and investor confidence may lead to potential price rebounds if selling pressure eases. Because these positive and negative forces balance each other, and Ripple’s price is consolidating near a key support level, the immediate outlook remains neutral. Traders should monitor volatility and market sentiment indicators closely for the next move.