XRP Remains in the Red as Profitable Supply Falls to Lowest Level Since November 2024

Jakarta, Pintu News – On-chain data reveals that the portion of XRP (XRP) supply circulating in the market has reached its lowest level since November 2024. This suggests that many new investors may be trapped after buying XRP at higher prices.

XRP supply under pressure despite price strengthening

Blockchain analytics firm Glassnode reported this week that only 58.5% of the total XRP supply is currentlyin profit. This figure represents a drastic drop compared to the beginning of the year. This finding is quite interesting considering the current price of XRP is around $2.17-nearly four times the price in November 2024 which was only around $0.53.

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This means that about 41.5% of all XRP coins in circulation are being heldat a loss, Glassnode added. This suggests that many investors bought at the peak of much higher prices.

XRP surged past $3 this year, but the drop to its current level of around $2.17 has most holders in the red.

A market analyst stated, “Many XRP investors likely entered the market when the price was above $3.00. So, even though the price is back above $2 now, they are still losing money.”

He also added that this is a 40% correction from the July peak price of $3.66. Many investors who previously believed the rally would continue are now facing growing losses.

On the other hand, there is a potential influx of institutional funds that could push XRP prices back up. Several large asset managers such as Franklin Templeton, Bitwise, 21Shares, and CoinShares are rumored to be launching XRP ETFs in the near future.

Bitcoin Holders Under Pressure Amid Crypto Crash

According to analysts, about 93% of the total Bitcoin (BTC) held by short-term investors is currently at a loss. This situation occurs amid the overall downward trend of the crypto market.

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For example, the price of Bitcoin briefly dropped below $90,000 on Tuesday morning trading. The overall crypto market capitalization also plummeted to around $3.08 trillion, recording a drop of more than $1.2 trillion in just over 30 days. The Fear & Greed index also plummeted to 11, entering the “extreme fear” zone.

Other major crypto assets such as Ethereum (ETH), BNB (BNB), Solana (SOL), and Cardano (ADA) also saw sharp declines, exacerbated by chain liquidations that continued to add to the selling pressure in the market.

In addition, BlackRock sparked rumors of a massive sell-off after reportedly moving more than $650 million in Bitcoin and Ethereum to Coinbase Prime. Currently, Bitcoin and Ethereum have dropped by more than 4% each as the massive sell-off in the market continues.

FAQ

What will be the impact of the upcoming Ripple (XRP) ETF launch?

The launch of a Ripple (XRP) ETF by large institutions could provide a price boost and increase liquidity, although investors should remain wary of market risks.

How should investors deal with crypto market volatility?

Investors should continue to educate themselves on market dynamics, monitor the latest developments, and understand the risks involved in crypto investments.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. XRP Supply in Profit Hits Lowest Level Since Nov 2024 Despite Price Gains: Glassnode. Accessed on November 19, 2025