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XRP has faced a tough quarter, losing 46% of its value since peaking at $3.40 on Jan. 16, 2025. Currently trading at $1.98, the cryptocurrency continues to battle bearish pressure, especially from key trading regions like South Korea. However, blockchain analytics from Glassnode suggest that long-term holders are still sitting on gains, with 81.6% of XRP’s circulating supply remaining in profit.
Although this percentage is down from the year’s high of 92%, the data indicates a strong retention value for investors, especially when compared to other major cryptocurrencies. Among top assets, only Tron (TRX) shows a higher profitable supply at 84.6%, while Bitcoin (BTC) sits at 76.8%, Ether (ETH) at 44.9%, and Solana (SOL) at 31.6%.
Despite recent drawdowns, some assets still have the majority of their supply in profit.
— glassnode (@glassnode) April 8, 2025
On the high end:$TRX: 84.6% of supply in profit (down just -5.6pp YTD)$XRP: 81.6% (down -10.4pp) pic.twitter.com/8Py0Wj7Bye
Recent trading activity in Korea has added to downward pressure. After propping up XRP during its February dip—when Korean investors on Upbit and Bybit helped drive the price back to $2.89—sentiment has turned. According to anonymous analyst Dom, Korean traders executed 1.4 million trades on the XRP/KRW pair between April 6-7, with 62% being sell orders, amounting to a net XRP sale of $120 million.
Check out this awesome market order bubble chart
— Dom (@traderview2) April 7, 2025
Each bubble is a trade over 100k $XRP
The largest sell was 253k $XRP right at the bottom
The largest buy was 303l, seconds after the local bottom was hit pic.twitter.com/nunKt2clVo
Adding to the pessimism, over $1 billion in XRP positions were closed last week at an average of $2.10, highlighting a wave of exits from both retail investors and long-term whales.
Technically, XRP dropped to a yearly low of $1.61 on April 7 but has since reclaimed the $2 level. However, the asset risks closing a daily candle below its 200-day moving average, a move that could prolong its correction. Analysts now eye the $1.63 to $1.27 range as a key accumulation zone for a potential bounce.
While XRP remains fundamentally strong, current market structure signals caution. With fading retail confidence and regional sell-offs, XRP must hold critical levels or risk entering a prolonged consolidation phase.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: XRP Price Prediction Today: 12% Surge Sparks Hopes for Rally Toward $2.50
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
