XRP has struggled to find an optimistic momentum sustained since it reached its cycle peak at $ 3.40 on January 16, 2025. XRP (XRP) fell up to 46% in the last three months, but despite its recent draw, Netrownode data indicate that 81.6% of the current XRP supply.
Although the percentage of profits is down compared to its 92%up -to -date summit, the data set highlighted the retention value of holders despite recent corrections.
Percentage of the profit offer for XRP, BTC, ETH Sol, TRX. Source: x.com
Currently, only Tron (TRX) has a higher profitable offer with 84.6%, while Bitcoin (BTC), Ether (ETH) and Solana (soil) presented 76.8%, 44.9%and 31.6%respectively.
The analyst says that XRP Korean traders are lowered
Data show that traders in Korea played an important role in purchasing the first drop in XRP below $ 2 on February 3. Investors on Upbit and Bybit Exchange completed their offers below $ 2, pushing the value of the Altcoin to $ 2.89 on February 13.
However, the feeling has turned over in the past few days. The anonymous anony at the DOM market stressed that Korean merchants have executed 1.4 million transactions on the XRP / KRW pair, 62% being sales orders, which led to a net sale of $ 120 million in XRP between April 6 and 7.
XRP selling on Korean markets. Source: x.com
The data follows a trend in the heavy sales of long -term whales and new investors while “retail confidence” in XRP continues to slip. Last week, Cointelegraph declared more than $ 1 billion in posts being unloaded at an average price of $ 2.10
In relation: The XRP price earns 13% after a 90 -day price break and the launch of XXRP ETF
The graph of the higher time time of XRP (HTF) lost its support by $ 2, moving to a new annual hollow of $ 1.61 on April 7, but Altcoin managed to recover this critical level on April 9. Even if XRP has the level of $ 2, the price reflects a lower market structure on several calendars.
Table XRP at 1 day. Source: Cointelegraph / TradingView
As illustrated in the graph, XRP will potentially close a daily candle below its mobile average (orange line), leading to an extended correction period in the coming weeks. The key request area remains between $ 1.63 and $ 1.27 (blue box), where an accumulation period could take place for Altcoin.
Related: Ripple acquires a hidden road road for cryptocurrencies for $ 1.25 billion
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
