{"id":126867,"date":"2025-04-10T06:17:52","date_gmt":"2025-04-10T06:17:52","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126867"},"modified":"2025-04-10T06:17:52","modified_gmt":"2025-04-10T06:17:52","slug":"81-6-of-xrp-supply-is-in-profit-but-traders-in-korea-are-turning-bearish-here-is-why","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126867","title":{"rendered":"81.6% of XRP supply is in profit, but traders in Korea are turning bearish \u2014 Here is why"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsXRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP (XRP) dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates that 81.6% of XRP\u2019s current circulating supply remains in profit.<br \/>\nWhile 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.<br \/>\nPercentage Supply in Profit for XRP, BTC, SOL ETH, TRX. Source: X.comCurrently, only Tron (TRX) has a higher profitable supply with 84.6%, while Bitcoin (BTC), Ether (ETH) and Solana (SOL) exhibited 76.8%, 44.9% and 31.6%, respectively.<br \/>\nAnalyst says Korean XRP traders are bearish<br \/>\nData shows traders in Korea played 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.<br \/>\nHowever, the sentiment has flipped over the past few days. Anonymous market analyst Dom pointed 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.<br \/>\nXRP selling on Korean markets. Source: X.comThe 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 over $1 billion in positions being offloaded at an average price of $2.10<br \/>\nRelated: XRP price gains 13% after Trump 90-day tariff pause and XXRP ETF launch<br \/>\nXRP\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.<br \/>\nXRP 1-day chart. Source: Cointelegraph\/TradingViewAs 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.<br \/>\nRelated: Ripple acquires crypto-friendly prime broker Hidden Road for $1.25B<br \/>\nThis 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.<a href=\"https:\/\/cointelegraph.com\/news\/81-6-of-xrp-supply-is-in-profit-but-traders-in-korea-are-turning-bearish-here-is-why?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsXRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP (XRP) dropped as much as 46% over the&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126867"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126867"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126867\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126867"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}