PiCK
XRP Losses Deepen as Profitability Hits 21-Month Low; More Selling in Focus
Summary
- XRP saw the share of supply in profit fall to about 43.4%%, the lowest level in 21 months, as investor losses deepened.
- Spot ETF demand for XRP weakened, with net outflows of about $31.16 million in March and an additional $1.25 million in April.
- Whale inflows to Binance fell to their lowest level of 2026, which could help limit near-term downside pressure, though whether loss-making investors engage in additional selling remains the key variable.
Forecast Trend Report by Period
XRP is under pressure as investor losses deepen and institutional money continues to leave the market. Still, large holders, or whales, are showing little urgency to sell, offering a mixed signal for the token.
Glassnode data from Aug. 7 showed about 43.4% of XRP's circulating supply remained in profit, the lowest level in about 21 months. At the current price of roughly $1.30, more than half of the supply is now underwater.
The data highlights the extent of XRP's recent decline. The token has posted six consecutive monthly losses and has fallen more than 60% from its peak. Investors who bought above $2 over the past year have been realizing losses of $20 million to $110 million a day since November 2025.
Institutional demand has also softened. SoSoValue data showed spot XRP exchange-traded funds, launched in late 2025, recorded their first monthly net outflow in March, when about $31.16 million left the funds. Another $1.25 million flowed out in April.
Whale activity, however, points in a somewhat different direction. Arab Chain, a CryptoQuant contributor, wrote that whale inflows to Binance recently fell to their lowest level of 2026. Daily inflows averaged about 12.6 million XRP, far below periods when hundreds of millions of XRP were moving onto the exchange.
Rising exchange inflows typically signal heavier selling pressure. Lower inflows, by contrast, suggest investors are holding assets in external wallets and delaying sales. Over the past 30 days, cumulative whale inflows totaled about 1.44 billion XRP, also down from the start of the year.
That could help limit near-term downside pressure. But BeInCrypto said lower whale inflows alone are not enough to call a rebound. Whether loss-making investors continue capitulation selling, or whether prices stabilize as whales remain on the sidelines, will be the key factor in XRP's next move.
As of Aug. 8, XRP was trading at $1.38, up 5.58% from a day earlier, according to CoinMarketCap.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
