Nearly 50% of XRP supply sits at a loss as price remains below $2.00. Top 1% holders reduce supply slightly, signaling cautious whale distribution. XRP trades near $1.92; breaking $2.00 is critical to reverse the downtrend. XRP remains locked in a persistent downtrend after another failed breakout attempt.
The altcoin continues trading below key resistance, reflecting fading investor support. Selling pressure has increased as confidence weakens, raising concerns that XRP may struggle to reverse its trend despite repeated recovery efforts. On-chain data shows a sharp deterioration in profitability; the share of XRP supply in profit has dropped to 52% after weeks of steady decline. These wallets now control 87.6% of the total supply, down from 87.7% at the start of the month.
XRP trades near $1.92 at the time of writing, sitting just below the $1.94 resistance. The price remains capped by a downtrend line active for more than six weeks. Given current conditions, XRP is likely to consolidate between $1.85 and $1.94 in the near term. Bearish sentiment keeps XRP vulnerable to additional selling.
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