21-Month Profit Low Signals a High-Stakes Market Shakeout
XRP is entering a tense phase, and the strain is visible on the charts. Market analyst Zed notes that the present setup looks a bit heavy, and are numbers telling since only 43.4% of XRP’s supply is currently in profit, the lowest in 21 months.
The current XRP slowdown is being driven by a shift in institutional behavior. For instance, March saw roughly $31 million exit spot XRP ETFs, the first significant net outflow in months.
Well, this selling pressure has carried into early April, keeping the altcoin trapped in a narrow, sluggish range. According to CoinCodex, XRP is now hovering at $1.33, struggling to gain traction in either direction.
Irrespective of this undertaking, Zed believes that the XRP market is not witnessing a freefall because it is in transition, what the analyst calls a textbook patience test.
Well, behind the stalled prices, weak hands and short-term traders are exiting, while stronger holders stand firm. Notably, whales aren’t offloading, signaling quiet confidence beneath the surface despite the pause in momentum.
XRP’s Standoff Could Be Setting the Stage for a Sharp Move
The present setup signals a classic shakeout phase, a season that is usually uncomfortable, slow, and sometimes painful.
Historically, these periods usually precede sharp market reversals because once weak hands are shaken out and selling pressure eases, even modest demand can drive prices higher.
XRP might be entering a potential re-accumulation zone, characterized by tight structure, low volatility, and cautious sentiment.
What’s the takeaway? Well, XRP’s April path remains uncertain. A breakout or continued consolidation could hinge on macro trends, institutional flows, and overall crypto sentiment.
Source: https://coinpaper.com/16126/xrp-profitability-crashes-to-21-month-low-calm-before-a-storm-or-more-pain
