XRP price forecast as supply in profit falls to 58%

• Ripple’s XRP traded near $2.15 after latest price declines across cryptocurrencies.
• However, downward pressure remains amid a dip in supply in profit ratios.
• Breakout past $2.30 could allow bulls to aim for more gains, but waning speculative appetite limits action.

XRP price trades near $2.15 and in the red over the week as circulating supply in profit plummets to 58.5%.

This is the lowest level the metric has touched since November 2024 when the Ripple token traded under $1, with blockchain analytics platform Glassnode noting a structurally fragile market.

Dips for Bitcoin, Ethereum, and the broader altcoin market align with this XRP’s performance.

XRP supply in profit falls

According to analytics and research platform Glassnode, the strong downward pressure has XRP supply in profit tanking to around 58% – the lowest since November 2024.

That’s when the Ripple token traded near $0.53.

Losses in recent weeks have seen supply in loss rise significantly, with momentum buyers dominating and likely a source of sell-off pressure.

“Today, despite trading ~4× higher ($2.15), 41.5% of supply (~26.5B XRP) sits in loss- a clear sign of a top-heavy and structurally fragile market dominated by late buyers,” Glassnode wrote on X.

According to Glassnode, XRP distribution after profit realization since late September has been “into weakness, not strength.” But have bulls weathered the storm?

The launch of the XRP spot ETF and key partnerships have buoyed sentiment despite price declines.

On XRP spot ETFs, Bloomberg’s Eric Balchunas recently noted:

XRP price forecast

Ripple (XRP) is trading around $2.15 at the time of writing on Wednesday as uncertainty across the crypto market continues.

While Bitcoin has bounced off lows of $89,500 and touched $93,000, the market is largely negative, with retail and institutional demand having faded in recent weeks.

Ripple’s token is down 1.6% in the past 24 hours as of writing.

The altcoin is also down nearly 12% in the past week, hovering largely near key support rather than at critical resistance.

This happens as risk-off sentiment cuts across the market, driven by macroeconomic jitters and panic selling.

XRP price chart by TradingView

From a technical perspective, the daily chart shows the relative strength index hovering near 38.

It’s downsloping to suggest potential declines, and any fresh weakness could derail bulls.

A similar outlook is observable with the moving average convergence divergence, which recently flashed a bearish crossover.

In addition, a dip in XRP open interest, with about $3.65 billion in OI being down from $4.11 billion, signals waning speculative fervor.

The weak derivatives outlook means traders are retreating onto the sidelines amid continued market uncertainty.

Therefore, the $2.10 and $2.00 areas mark key price levels.

On the upside, bulls face hurdles at $2.30 and $2.50 before the critical $3.00 mark comes into play.

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