XRP Faces Key Test at $2 as Addresses in Profit Plunge to Year-To-Date Low
XRP is at a critical juncture with its price falling and addresses in profit at their lowest in 2025. A key support level at $2.03 may determine whether the token continues its downtrend or rebounds.
XRP has been on a steady decline over the past month, with its price weakness pushing the number of addresses in profit to its lowest count this year on March 31.
This downturn reflects increased selling pressure as the bearish sentiment continues to dominate the market.
XRP Holders Face Mounting Losses
Amid XRP’s falling prices, the total number of wallet addresses holding the token in profit plunged to a year-to-date low of 5.24 million on March 31. This drop reflects the sustained bearish pressure on the altcoin as more holders find themselves in a losing position due to the token’s prolonged price downturn.
XRP Number of Addresses in Profit. Source:
Glassn
o
de
For context, since it climbed to an all-time high of 6.04 million addresses on March 2, the number of XRP addresses in profit has trended downward.
This decline could increase the downward pressure on the token’s price because as profitability falls, more holders may choose to sell to cut losses, further fueling the bearish momentum. If this trend continues, XRP risks extending its price decline.
Further, the token’s steady negative funding rate confirms this bearish outlook. At press time, it stands at -0.007%, signaling the preference for short positions among derivatives traders.
XRP Funding Rate. Source:
Santiment
The funding rate is a periodic fee exchanged between long and short traders in perpetual futures contracts to keep prices aligned with the spot market. When an asset’s funding rate is negative, short positions pay long positions, indicating that selling pressure is higher and traders are predominantly bearish on the asset.
This trend signals a lack of confidence in a near-term recovery, leaving XRP vulnerable to further losses.
XRP Faces Make-or-Break Moment as It Trades Above Critical Support Level
At press time, XRP exchanges hands at $2.11, trading above the key support floor formed at $2.03. If selling pressure strengthens and XRP breaches this support level, its downtrend would gain momentum, and its price could fall below $2 toward $1.77.
XRP Price Analysis. Source:
TradingView
On the other hand, if XRP sees a spike in new demand, this bearish outlook will be invalidated. In that scenario, the token’s price could rally toward $2.27.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Expanding computing power on one hand, grabbing spectrum on the other! Barclays optimistic about SpaceX (SPCX.US) acquiring T-Mobile: Complementary advantages of ground networks and Starlink
After Space's stock price rose for two consecutive days, Barclays stated that T-Mobile is the "cleanest" choice among SpaceX’s potential acquisition targets. Barclays considers Verizon a major unknown, while AT&T has the lowest strategic fit.
Will the Federal Reserve raise rates in December? Tonight's CPI will be the final verdict!
The October CPI data will be released tonight, with the market pricing in an 86% chance of a rate hike. Goldman Sachs predicts a core CPI month-on-month increase of only 0.16%, much lower than market expectations. However, statistical distortions in health insurance and declines in used car prices—these "soft factors"—are unlikely to be reflected in the core PCE, which the Federal Reserve places greater emphasis on. The data may trigger a relief rally, but it is unlikely to change the underlying hawkish sentiment.
A 14x PE is not a bargain! Renowned wealth management CEO warns: If Nvidia (NVDA.US) earnings are revised down by 5%, its stock price could drop by 40%.
Ritholtz Wealth Management CEO Josh Brown questioned the idea that a 14x P/E ratio is a bargain and issued a warning: "If Nvidia's earnings over the next 12 months are revised down by 5% from our expectations, the stock could potentially drop by 40%."
Citibank: US beer sales will not bottom out by 2026, non-alcoholic beer is the only clear long-term growth track
Beer shipments in the United States have declined for the fifth consecutive year and are set to fall below 1980 levels. Citibank: Only non-alcoholic beer still has long-term growth potential.
Crypto prices
More
