XRP News: Nearly Half of XRP Supply Is Now in Losses as Price Slides to $2.15
41.5% of XRP supply is at a loss, raising concerns of further downside risk, while new ETFs could help drive recovery.
XRP is currently facing a challenging market environment, with a significant portion of its supply at a loss. Around 41.5% of XRP holders are now underwater, which signals potential further downside if the trend continues.
At present, the cryptocurrency’s price stands at about $2.15, showing a noticeable decline from its recent highs.
XRP Faces Structural Fragility
Data shows that 41.5% of XRP’s circulating supply is now in a loss position.
This creates a top-heavy market, with many investors who bought at higher prices now facing significant unrealized losses. The current price level of $2.15, although still higher than last year, reflects the vulnerability of the market.
The number of tokens held at a loss is substantial, which raises concerns for future price movements.
A large portion of XRP’s market may look to sell if the price continues to decline, adding downward pressure. This could increase the risk of further losses if the market fails to show recovery soon.
Market Sentiment Shows Growing Concerns
Many investors who bought XRP earlier this year at higher prices are now experiencing losses. The recent price drop has caught some by surprise, especially for those who bought in at over $3.00. With XRP now trading around $2.16, this has left many holders in a difficult position.
As a result, market sentiment has become increasingly cautious. There is a heightened risk of forced sales and stop-loss triggers, which could push the price lower. This sentiment shift has caused some investors to reconsider their positions, increasing the chances of further downside.
Related Reading: XRP Whales Dump 200 Million Coins -Crash Incoming?
XRP’s ETF Launches Could Offer Hope
Despite the current market struggles, there is hope that the introduction of new exchange-traded funds (ETFs) could provide a boost.
The launch of the first spot-XRP ETF has generated positive interest, and several more ETFs are expected to launch soon. These new products could help increase demand for XRP by offering an easier way for both retail and institutional investors to gain exposure.
However, despite the buzz surrounding the ETFs, XRP’s price has yet to show significant signs of recovery. It is still trading more than 40% lower than its peak price in July.
For XRP to see a meaningful rebound, it will need to break above key levels, such as $2.70, to regain investor confidence and drive prices higher.
While the ETF launches could be a positive catalyst, the market remains fragile. Until XRP can confirm a solid recovery, the risk of further declines persists.
The post XRP News: Nearly Half of XRP Supply Is Now in Losses as Price Slides to $2.15 appeared first on Live Bitcoin News.
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