The percentage of XRP’s circulating supply held in profit falls to 50.4% on Monday, from 77.2% on January 5 and 80.4% on November 10. Such a significant decline suggests sentiment is deteriorating amid investor confidence. In other words, investors prefer to reduce exposure at the first sign of profit, adding to selling pressure.
On the flip side, this could signal an upward reset in the XRP price, given that the percentage of investors in profit is narrowing, reducing the available supply for sale. Investors are unlikely to sell aggressively when facing unrealized losses.#Xrp🔥🔥 #Write2Earn!
