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XRP teeters on the brink. Analysts warn that without a swift and decisive rebound, XRP could plunge further into the depths, leaving a staggering 41.5% of its holders gasping for air in a sea of losses. The clock is ticking for XRP to stage a comeback or face a potentially devastating descent.
XRP holders are feeling the pinch. According to Glassnode, the percentage of XRP in profit has plummeted to depths not seen since November 2024. Back then, XRP was trading around $0.53. Is history about to repeat itself?
Ripple’s XRP: Is the Tide Turning? Despite a 4x price surge to $2.15, a staggering 41.5% of the XRP supply – roughly 26.5 billion tokens – remains underwater. Glassnode data paints a concerning picture: XRP’s market structure is top-heavy, teetering precariously under the weight of investors who bought in late. Is this rally a mirage, or can XRP defy gravity?
Source: Glassnode
XRP investors reeling from a sudden price plunge may face a critical juncture. According to IG Australia’s market analyst, Tony Sycamore, the unexpected downturn could trigger a cascade of sell-offs as holders reassess their positions in this top-heavy market. Are they bracing for further losses, or will XRP find a bottom?
Related: ‘Very wide gap’ between XRP and Solana investor interest: Exec
Sycamore’s analysis paints a stark picture: a significant number of XRP investors likely piled in during the heady days when XRP crested $3.00 – a period spanning from January through early October. Now, with XRP hovering around $2.16, many are underwater, their initial investment a distant, sun-drenched memory.
The brutal 40%+ plunge from July’s $3.66 peak has shaken even the most diamond-handed believers. Those who envisioned endless gains are reeling, while FOMO-fueled newcomers, convinced every dip was a fire sale, are now staring down a harsh reality.
Sycamore warned that a chilling undercurrent of unrealized losses is now suffocating market enthusiasm, heightening the danger of a downward spiral. Triggered stop-losses and panicked forced sales could amplify the selling frenzy, accelerating the market’s descent.
“Recovery will require a decisive rebound back above $2.70,” he said.
XRP holders are eyeing a potential catalyst for a bullish resurgence: a tidal wave of exchange-traded funds (ETFs) poised to flood the market this week.
Canary Capital’s spot-XRP ETF exploded onto the scene Thursday, shattering records with the hottest US ETF debut of 2025. But the excitement doesn’t stop there. Brace yourself – Franklin Templeton, Bitwise, 21Shares, and CoinShares are all set to unleash their own XRP ETFs within days, promising a wave of fresh investment opportunities.
XRP’s price is still in the doldrums. Currently trading at $2.14, it’s a far cry from its glory days. Remember July 18th, when it soared to $3.65? That peak is now a distant memory, with XRP down over 40% since then.
Magazine: Saylor denies Bitcoin sell-off, XRP ETF debut tops chart: Hodler’s Digest, Nov. 9 – 15
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