{"id":21425,"date":"2025-04-10T06:02:10","date_gmt":"2025-04-10T06:02:10","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21425"},"modified":"2025-04-10T06:02:10","modified_gmt":"2025-04-10T06:02:10","slug":"81-6-of-xrp-supply-is-in-profit-but-traders-in-korea-are-turning-bearish-here-is-why","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21425","title":{"rendered":"81.6% of XRP supply is in profit, but traders in Korea are turning bearish \u2014 Here is why"},"content":{"rendered":"
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\"81.6%<\/p>\n

XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP (XRP)<\/a> dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates<\/a> that 81.6% of XRP\u2019s current circulating supply remains in profit. <\/p>\n

While the profit supply percentage is down from its year-to-date high of 92%, the data set highlighted the retention value for holders despite the recent corrections. <\/p>\n

\"Cryptocurrencies,
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Percentage Supply in Profit for XRP, BTC, SOL ETH, TRX. Source: X.com<\/em><\/p>\n<\/figcaption><\/figure>\n

Currently, only Tron (TRX) <\/a>has a higher profitable supply with 84.6%, while Bitcoin (BTC)<\/a>, Ether (ETH)<\/a> and Solana (SOL)<\/a> exhibited 76.8%, 44.9% and 31.6%, respectively.<\/p>\n

Analyst says Korean XRP traders are bearish<\/h2>\n

Data shows traders in Korea played<\/a> a significant role in buying the first XRP dip below $2 on Feb. 3. Investors on Upbit and Bybit exchange filled their bids below $2, pushing the altcoin\u2019s value back to $2.89 on Feb. 13. <\/p>\n

However, the sentiment has flipped over the past few days. Anonymous market analyst Dom pointed<\/a> out that Korean traders executed 1.4 million trades on the XRP\/KRW pair, with 62% being sell orders, resulting in a net sale of $120 million in XRP between April 6-7. <\/p>\n

\"Cryptocurrencies,
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XRP selling on Korean markets. Source: X.com<\/em><\/p>\n<\/figcaption><\/figure>\n

The data follows a trend of heavy selling from long-term whales and new investors as \u201cretail confidence\u201d in XRP continues to slip. Last week, Cointelegraph reported<\/a> over $1 billion in positions being offloaded at an average price of $2.10<\/p>\n

Related: <\/strong><\/em>XRP price gains 13% after Trump 90-day tariff pause and XXRP ETF launch<\/strong><\/em><\/a><\/p>\n

XRP\u2019s higher time frame (HTF) chart lost its $2 support, dropping to a new yearly low of $1.61 on April 7, but the altcoin managed to reclaim this critical level on April 9. Even if XRP holds the $2 level, the price reflects a bearish market structure on multiple time frames. <\/p>\n

\"Cryptocurrencies,
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XRP 1-day chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n

As illustrated in the chart, XRP will potentially close a daily candle below its 200-day moving average (orange line), leading to a prolonged correction period over the next few weeks. The key demand zone remains between $1.63 and $1.27 (blue box), where a period of accumulation might unfold for the altcoin. <\/p>\n

Related: Ripple acquires crypto-friendly prime broker Hidden Road for $1.25B<\/strong><\/em><\/a><\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n