Almost 94 % of XRP investors are now in green, a level rarely reached in the history of crypto. Carried by a surge up to $ 3.11, the fourth crypto by capitalization triggers as much euphoria as in concern. Indeed, the previous episodes where the XRP had reached such profitability were followed by violent corrections, in 2018 as in 2021. This time, is it a new bullish cycle … or the pre-runner sign of a brutal reversal?
In short
- Almost 94 % of XRP investors are currently in profit, a level rarely reached in the history of the crypto.
- The XRP jumped more than 500 % in nine months, briefly reaching $ 3.11.
- Historical precedents in 2018 and 2021 show that such profitability levels had been followed by violent corrections.
- The XRP is at a pivotal moment, between continuing the Bull Run and risk of brutal correction.
A market at the top: 93.92 % of XRP investors in profit
While institutional investors come back to the crypto, 93.92 % of XRP holders are currently in profit Glassnode's latest data. A rare situation in the crypto landscape, which results from an impressive rally of more than 500 % in nine months, having propelled its price up to $ 3.11.
Such a concentration of holders in profit challenges analysts, especially since similar levels have historically preceded major reversals.
The data from the past support this prudence:
- In January 2018, the XRP had reached a summit of $ 3.30, with an overwhelming majority of gain in gain. There was a fall of more than 95 %;
- In April 2021, a new bullish phase had propelled the crypto at $ 1.95, before a collapse of 85 %;
- In these two cases, the high proportion of beneficiary portfolios was followed by a strong movement of profits, resulting in a brutal correction.
The return of such a level of profitability could therefore create a significant selling pressure. Investors, after months of earnings, could be tempted to secure their capital gains, which would change the market in a distribution phase. The XRP therefore evolves today in a historically sensitive area, between legitimate enthusiasm and structural risks.
Technical tensions
Beyond the benefit of investors, technical indicators draw a more contrasting table. The XRP is currently evolving in a graphic configuration of “Descending triangle”a pattern recognized for its potentially downward nature.
The XRP found a support at $ 3.05, a critical level which, if it were broken, could open the way to a fall towards $ 2.39 by September. Conversely, an upward break in the trend line could reverse the dynamics, and bring the assets to the zone of 6 dollars according to certain analysts.
In addition, On-chain data reinforce this tension scenario. The UNREALIZED PRAINT/LOSS (NUPL) Now has entered an area marked by excessive confidence, historically associated with market summits in 2017 and 2021.
This area reflects a phase where investors firmly believe in pursuit of the increase, while denying the risk of correction. Such reading is part of a market context where expectations are high, but volatility too.
These combined signals, downward configuration, historical profitability levels and indicators on-critical, underline a pivotal period for XRP. If the market manages to keep its support and validate a bullish break, the crypto could benefit from a new momentum. However in the event of failure, the scenario of a significant correction seems more and more plausible.
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