42% na XRP Supply Dey Underwater as New Spot ETF Dem Dey Launch
Glassnode, wey be on-chain analytics firm, talk say 41.5% of XRP wey dey circulate dey trade below the price wey people buy am—na the highest rate since November 2024. XRP don fall 8.8% for the past week and e dey 39% lower than the peak wey e reach for July 2025, e dey trade around $2.22. Analysts dey warn buyers wey enter near the $3.65 high say dem fit face stop-loss wahala, and dem talk say make e rebound above $2.70 to bring back confidence. Market sentiment still dey fragile as traders dey wait for spot XRP ETFs. Canary Capital’s US spot XRP ETF make $58 million volume on the first day. Franklin Templeton, Bitwise, 21Shares and CoinShares dey ready to launch similar funds, investors dey watch ETF flows to sabi if buying pressure dey return.
Bearish
Plenty of XRP holders—41.5%—dey suffer loss, wey dey cause structural wahala as late buyers fit trigger stop-loss. This token don lose almost 40% since e peak for July and e no show any clear rebound pass key resistance for $2.70. Even though new spot XRP ETFs fit provide long-term support, short-term vibes still dey negative. Traders go likely dey cautious till ETF flows cause steady buying pressure and price stabilitation.