83% of XRP Supply in Profit, Raising Short-Term Sell Pressure

Beincrypto reports on-chain data showing roughly 83% of XRP’s circulating supply is back in profit, a figure that briefly rose to 85% over the past 24 hours and marks a one-and-a-half-month high.

That widespread profitability is increasing incentives for short-term selling: wallets that accumulated XRP over the past week and month cut their share of supply from 5.7% to 4.9% within seven days. Exchange net position change data shows outflows have remained active and inflows never fully overtook them, suggesting sellers still hold influence. XRP trades near $2.25, sitting below $2.36 resistance, while the Money Flow Index has crossed above 80.0, signaling overbought conditions and higher correction risk.

According to the report, historical patterns point to possible near-term slips below $2.19 and a deeper move toward $1.80 if selling continues, though a pause in distribution or a decisive break above $2.36 could open a path toward $2.64. The article notes persistent exchange activity and a lack of clear accumulation as factors that could keep XRP vulnerable to further retracements.

Key Topics

Crypto, Xrp, Short-term Holders, Exchange Net Position, Money Flow Index, Glassnode