XRP ‘structurally fragile’ as 41.5% of supply at a loss

💡 DMK Insight

XRP’s supply in profit is at a 12-month low, signaling potential panic selling ahead. When investors see losses, the instinct to cut losses can trigger a sell-off, especially if sentiment shifts negatively. If XRP’s price remains around $2.19, watch for support levels; a break below could lead to further declines. On the flip side, the potential for XRP ETFs could reignite bullish momentum, but that hinges on regulatory clarity and market sentiment. Traders should keep an eye on volume trends and any news regarding ETF approvals, as these could act as catalysts for price recovery or further declines. In the current environment, it’s crucial to monitor how the broader crypto market reacts, particularly Bitcoin’s movements, as it often dictates altcoin trends. If Bitcoin stabilizes or rallies, it could provide the lift XRP needs to regain lost ground.