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XRP Profitability Drops to Nearly 50%, Mirrors November 2024 Levels That Preceded a Major Rally

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XRP Profitability Drops to Nearly 50%, Mirrors November 2024 Levels That Preceded a Major Rally

A crypto commentator has pointed to a sharp decline in XRP holders' profitability, arguing that the downturn could set the stage for a major price reversal. Amid the market-wide sell-off, analyst Steph Is Crypto noted that 48% of XRP’s 60.57 billion circulating supply is now underwater, meaning those tokens were purchased at prices above XRP’s current market value.

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