The post XRP Supply in Profit Hits Lowest Level Since Nov 2024 Despite Price Gains: Glassnode appeared on BitcoinEthereumNews.com. On-chain data revealed that shares in XRP’s circulating supply have hit their lowest level since November 2024. This means that many recent investors could be trapped after buying at higher price levels. XRP Supply Under Pressure Despite Price Gains Blockchain analytics firm Glassnode reported this week that only 58.5% of the XRP supply is currently in profit. This is a huge decline compared to earlier in the year. This is a huge decline compared to earlier in the year. This figure is interesting given that the Ripple coin is trading at around $2.17. The token is nearly four times its price from November 2024, when it was valued at $0.53. Source: X This means that 41.5% of all the coins are being held at a loss, the firm added. This means many investors bought in during the peaks at much higher price levels. The token surged above $3 during the year. The current drop to around $2.17 has left a significant number of holders in the red. According to one expert, “Many XRP investors probably came into the market when the token traded above $3.00. At this point, even with the market well over $2, those holders are still underwater.” He also stated that this is a 40%correction from the July high of $3.66.  Many who thought the rally would carry on now find themselves in a position where their losses keep piling up. Meanwhile, the token could see some institutional inflows that might give its price a boost. Franklin Templeton, Bitwise, 21Shares, and CoinShares are all set to introduce XRP ETFs in the coming days. Bitcoin Holders Sinking Too During Crypto Crash According to analysts, about 93% of the Bitcoin that short-term holders own is also in the red. This comes at a time when the general crypto market… The post XRP Supply in Profit Hits Lowest Level Since Nov 2024 Despite Price Gains: Glassnode appeared on BitcoinEthereumNews.com. On-chain data revealed that shares in XRP’s circulating supply have hit their lowest level since November 2024. This means that many recent investors could be trapped after buying at higher price levels. XRP Supply Under Pressure Despite Price Gains Blockchain analytics firm Glassnode reported this week that only 58.5% of the XRP supply is currently in profit. This is a huge decline compared to earlier in the year. This is a huge decline compared to earlier in the year. This figure is interesting given that the Ripple coin is trading at around $2.17. The token is nearly four times its price from November 2024, when it was valued at $0.53. Source: X This means that 41.5% of all the coins are being held at a loss, the firm added. This means many investors bought in during the peaks at much higher price levels. The token surged above $3 during the year. The current drop to around $2.17 has left a significant number of holders in the red. According to one expert, “Many XRP investors probably came into the market when the token traded above $3.00. At this point, even with the market well over $2, those holders are still underwater.” He also stated that this is a 40%correction from the July high of $3.66.  Many who thought the rally would carry on now find themselves in a position where their losses keep piling up. Meanwhile, the token could see some institutional inflows that might give its price a boost. Franklin Templeton, Bitwise, 21Shares, and CoinShares are all set to introduce XRP ETFs in the coming days. Bitcoin Holders Sinking Too During Crypto Crash According to analysts, about 93% of the Bitcoin that short-term holders own is also in the red. This comes at a time when the general crypto market…