XRP Price Prediction: 42% of Holders Are Losing Money – How Low Can XRP Fall?
A brand new Glassnode report casts a bearish tone on the XRP price prediction, as information exhibits a big chunk of holders are nonetheless deep underwater.
According to on-chain metrics, 42% of present XRP wallets accrued their tokens close to the $3 mark, leaving many with losses of 40% or extra.
Analysts warn that extended unrealized losses can set off capitulation, including strain to an already fragile market outlook.
While the XRP value continues to be almost 4 instances increased than it was in November final 12 months, many buyers seem to have entered throughout the post-SEC rally when sentiment was peaking.
That surge, triggered by partial authorized wins in opposition to the SEC, attracted a wave of consumers now sitting deep within the purple.
With sentiment nonetheless close to historic lows, analysts warn that this group of underwater holders might begin exiting if the broader market continues to slip.
XRP Price Prediction: ETF Launches Could Trigger a Trend Reversal
XRP is approaching a possible breakdown towards the $1.50 help zone after failing to carry above current consolidation ranges.
The chart exhibits a descending construction forming, with any bounce seemingly dealing with resistance round $2.50 and once more close to the $3.60 high.
If sentiment begins to show and help holds, XRP might get well in phases — however for now, momentum stays weak.
The upcoming launch of a number of XRP exchange-traded funds (ETFs) within the United States affords a long-term catalyst, doubtlessly unlocking institutional demand as soon as market situations stabilize.
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