According to the latest data released by on-chain data analytics platform Glassnode, the majority of XRP holders are currently at a loss, a phenomenon that has become an important indicator of current market sentiment. The data shows that over 60% of the XRP supply has not moved for months, and its acquisition cost is higher than the current market price, indicating that a large number of investors entered at high levels and have not been able to break even. This expansion of the "underwater supply" reflects weak market confidence and the accumulation of short-term selling pressure. Although XRP has not seen a large-scale sell-off recently, the loss pressure on long-term holders may translate into potential selling pressure in future market fluctuations. Analysts point out that such on-chain data often foreshadows a turning point in market sentiment, and close attention should be paid to whether the price can break through key resistance levels to activate dormant chips. At the same time, XRP's network activity and trading volume remain stable, indicating that its underlying application ecosystem has not shrunk significantly due to price corrections.
Glassnode Data Shows Majority of XRP Investors Underwater
Glassnode data reveals over 60% of XRP supply is underwater, with expanding underwater supply indicating widespread investor losses, serving as a key warning sign for market sentiment.