[Analysis] "XRP supply 40% in loss… signal of structural weakness"

JOON HYOUNG LEE

Summary

On-chain analytics firm Glassnode said about 40% of the XRP supply is in a loss zone.
The proportion of XRP supply in profit zones has fallen to 58.5%, which Glassnode said is the lowest level since last November.
Glassnode emphasized that this situation is structurally vulnerable and is a signal that the market is 'top-heavy'.

Approximately 40% of the XRP supply appears to be in a loss zone.

On-chain analytics firm Glassnode said on the 18th (local time) via its official X account that "the proportion of XRP supply in profit zones has fallen to 58.5%," adding that "this is the lowest level since last November." Glassnode said, "The current XRP price is $2.15, about four times higher than last November ($0.53)," and "nevertheless 41.5% of the total supply is in a loss state."

Glassnode emphasized that "this means that late-entering investors are dominating the market." It added, "This is a clear signal showing that the market is structurally vulnerable and 'top-heavy'."

XRP