XRP, which was among the top risers after US President Donald Trump's victory in November, has struggled to maintain a sustainable rise since its peak of $3.40 in January.
As XRP struggles to maintain the critical $2 level, Glassnode is positioned as the altcoin with the most profit for its investors. Data shows that 81.6% of XRP’s circulating supply remains in profit.
Despite this data, South Korean investors, who have a particular interest in XRP, are bearish on XRP.
Experts note that according to data, Korean traders made 1.4 million transactions in the XRP/KRW pair, 62% of which were sell orders.
Experts stated that retail investors' confidence in XRP continues to decline, adding that there has also been intense whale sales in XRP.
Glassnode also noted in its recent analysis that the XRP Profit/Loss Ratio has been steadily decreasing since January, adding, “This means less profit and more losses in XRP, and is generally a sign of decreasing faith.”
*This is not investment advice.
