XRP Supply In Profit Drops To Lowest Level Since July 2024
Analysis
Price Impact
MedThe drop in xrp supply in profit to its lowest level since july 2024 indicates significant selling pressure and potential holder capitulation. however, the recent stabilization of etf outflows and the possibility of a short squeeze suggest that the immediate downside might be limited.
Trustworthiness
HighPrice Direction
NeutralWhile the current data points to bearish sentiment among holders, the stabilization of etf outflows and the potential for a short squeeze introduce a neutral outlook. the market is at a crossroads, and further price action will depend on broader market sentiment and potential short covering.
Time Effect
ShortThe immediate impact of the supply in profit metric is likely to be felt in the short term, influencing trader sentiment and short-term price movements. the stabilization of etf flows also suggests a short-term pause in significant capital flight.
Original Article:
Article Content:
Cover image via U.Today XRP holders are feeling the pain of the recent market downturn. Advertisement According to new data released by blockchain analytics firm Glassnode, the massive downward pressure on XRP has pushed the majority of the circulating supply underwater. With price trading at $1.33, the Percent of XRP Supply in Profit has declined to 43.4%, the lowest since July 2024. https://t.co/wzKcbqNWHh pic.twitter.com/rqL7TQunjY — glassnode (@glassnode) April 6, 2026 With the price currently hovering around the $1.33 mark, Glassnode reports that only 43.4% of the total XRP supply is currently held in profit. Advertisement This is the lowest profitability level that the network has recorded since July 2024. HOT Stories XRP's Role in 'Internet of Value' to Lead Tokyo XRPL Summit, Bitcoin Reclaims $70,000 Amid $110 Oil, 460 Billion Shiba Inu (SHIB) From Revolut Hits Coinbase: Morning Crypto Report Bitcoin Surges Past $69K, $196M Worth of Shorts Liquidated During the 2024–2025 cycle, the metric was pinned at or near 90% to 100% for an extended period. Following the blow-off top in 2025, the right side of the chart illustrates the severe downtrend XRP is currently enduring. Waning institutional interest? The current weakness could be partially attributed to waning institutional interest. Advertisement As of April 2, the total net assets across all US-based XRP ETFs stand at $917 million. Just several days ago, these products were above the $1 billion mark. Between March 5 and March 12, the ETFs experienced a severe wave of capital flight. March 6 and March 9 were particularly brutal, recording net outflows of -$16.62 million and -$18.11 million, respectively. However, there are also some encouraging signs. The massive bleeding seems to have stopped for now. The final week of March was characterized mostly by zero-flow days and minor drawdowns (for instance, -$1.32 million on April 1). At the same time, as reported by U.Today, there could be a potential "short squeeze" for XRP based on a bearish setup in the derivatives market. It remains to be seen whether or not the bulls will be able to turn things around. #XRP Price Prediction