XRP Holds Strong as 86% of Supply Remains in Profit Despite Market Downturn

Despite recent losses triggered by renewed macroeconomic pressures in the broader crypto market, XRP continues to show resilience. On-chain data from Glassnode reveals that approximately 86.3% of XRP’s circulating supply is still in profit, suggesting a bullish sentiment among holders. This means most XRP investors acquired their tokens at lower prices than the current market rate.

XRP recently surged to a high of $2.61 on May 14 before retreating. Even with the current price dropping to $2.24—a 3.6% decline over the past 24 hours—investor confidence remains largely intact. The sustained profitability metric points to a strong foundation for potential rebounds, as many holders are yet to experience losses.

The end of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) has played a significant role in boosting optimism. The outcome has re-energized the XRP community, with investors closely watching on-chain activity for signs of renewed momentum.

Adding to the positive indicators, XRP’s on-chain volume surged by 21.7% in the past day, reaching 1.08 billion XRP. This spike reflects heightened usage across direct blockchain activities like payments, transfers, and smart contract interactions—not including centralized exchange transactions.

However, the increase in on-chain volume might also suggest that some holders are moving tokens to exchanges amid price volatility, possibly to sell. This behavior, often driven by retail panic, adds complexity to interpreting the volume spike.

Still, XRP’s ability to maintain a majority-profit status while facing downward pressure underscores its strength in the current market. As long as the token continues to attract interest and utility, it remains positioned as a key player in the crypto ecosystem.