XRP has had a hard time finding continuous propulsion since reaching the cycle peak at $ 3.40 on January 16, 2025. XRP (XRP) has fallen 46% over the past three months, but despite the recent flaws, glass node data indicates that 81.6% of XRP’s current circulation supply maintains profits.
The profit supply rate dropped from 92%year -on -year, but the data set emphasized the value of holders despite the recent revision.
XRP, BTC, SOL ETH, TRX profit ratio: x.com
Currently, only TRON (TRX) has a high profitability of 84.6%. Bitcoin (BTC), Ether (ETH) and Solana (SOL) showed 76.8%, 44.9%and 31.6%, respectively.
Analyst says that Korean XRP merchants are weak.
According to the data, Korean merchants played an important role in purchasing the first XRP deep of less than $ 2 on February 3, while Upbit’s investors and BYBIT Exchange filled their bids for less than $ 2, and the value of Altcoin was returned to $ 2.89 on February 13.
But in the last few days, emotions have been turned upside down. Anonymous market analyst DOM pointed out that Korean merchants performed 1.4 million people in the XRP/KRW pair, 62%received orders for sale and recorded net sales of $ 120 million in XRP between April 6-7.
XRP sales in the Korean market. Source: x.com
This data is a “retail trust” of XRP and follows the trend of heavy sales from long -term whales and new investors. Last week, COINTELEGRAPH reported more than $ 1 billion in its off -road position at an average price of $ 2.10.
relevant: XRP prices rose 13% after suspension of tariffs and XXRP ETF launch.
The HTF (HIGHER TIME Frame) chart of XRP lost $ 2 support on April 7 and fell to $ 1.61 on April 9, but Altcoin was able to reconstruct this important level on April 9. Even if the XRP has a $ 2 level, the price reflects the market structure like Bear in several frames.
XRP 1 day chart. Source: COINTELEGRAPH/TradingView
As you can see on the chart, XRP will potentially close candles with a 200 -day moving average (orange line) or orange, resulting in an extended correction period for the next few weeks. The main demand area is from $ 1.63 to $ 1.27 (blue box), where the accumulation period of Altcoin may be developed.
Related: Ripple acquires Hidden Road, a crypto -friendly prime broker for $ 1.25B.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.