XRP remains under pressure as a shift in investor sentiment signals growing bearish momentum, especially from South Korean traders on Upbit. Even though 81.6% of XRP’s circulating supply is still in profit, the recent selling activity may point to a larger trend reversal.
XRP Profitability Still High — But Declining
After reaching a cycle peak of $3.40 on Jan. 16, 2025, XRP has dropped nearly 46% in just three months. Yet according to Glassnode, a large portion of holders remain in the green.
Despite a drop from the year-to-date profit high of 92%, XRP holders are showing strong retention, with a majority unwilling to sell at current prices.
For comparison:
- Tron (TRX) leads with 84.6% of supply in profit
- Bitcoin (BTC) follows with 76.8%
- Ethereum (ETH) shows 44.9%
- Solana (SOL) lags at 31.6%
Korean Traders Drive Recent XRP Sell-Off
While XRP briefly recovered to $2.89 after dipping below $2 on Feb. 3, recent trends on Korean exchanges reveal a shift in momentum.
Market analyst Dom reports that 1.4 million XRP/KRW trades were made between April 6–7, with 62% being sell orders. This led to a net sale of $120 million in XRP on Upbit alone.
This trend suggests that both long-term holders and new retail investors are losing confidence.
Support at $2 Gets Retested — But Market Structure Turns Bearish
XRP recently broke below the critical $2 support, dropping to a new yearly low of $1.61 on April 7. It has since bounced back above $2, but the overall structure remains bearish.
If XRP closes below its 200-day moving average, analysts predict a possible extended correction phase. The key accumulation zone to watch lies between $1.63 and $1.27, where demand could stabilize price action in the short term.
What’s Next for XRP?
The recent wave of selling, combined with weak technicals, could keep XRP in a consolidation phase. Unless the token regains bullish momentum, the next few weeks may test the patience of long-term holders.
