"Over 41% of XRP holders at a loss… Market structure vulnerability widens"

Suehyeon Lee

Summary

Reported that over 41% of XRP holders are in loss.
It said the share in profit of XRP is 58.5%, the lowest in a year.
Glassnode interpreted that XRP's market structure has become vulnerable to short-term and lagging buying pressure.

The proportion of XRP in profit has fallen to its lowest level in a year, and more than 40% of holders are at a loss.

On the 18th (local time), Glassnode said the share of XRP supply in profit is 58.5%, the lowest since the price was $0.53 in November last year.

The current XRP price is about $2.15, roughly four times higher than then, but about 26.5 billion XRP, or 41.5% of total supply, remain in the loss zone. Glassnode interpreted this as "a sign that price levels were formed mainly by short-term, lagging buying pressure."

XRP

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.

"Over 41% of XRP holders at a loss… Market structure vulnerability widens"

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