The latest on-chain data from the on-chain analytics platform Glassnode shows that 99.6% of the circulating XRP supply is in profit, meaning hardly anyone wants to sell at a loss. This figure indicates the significant price increase of XRP in recent weeks, reaching as high as $3.64 at times.
The sentiment of XRP investors has also reached a peak of excitement; the profit supply ratio is currently at its highest in 18 months.
This surge occurred as both open futures contracts and 24-hour trading volume rapidly increased simultaneously, indicating that not only retail investors are buying in, with the profit supply ratio at its highest since 2018 when the asset reached its all-time high of $3.84.
Bitcoin Lags Behind XRP
Bitcoin has increased nearly 70% to over $117,000, and its profit rate has reached nearly 97%, just slightly lower than XRP. Historically, Bitcoin has provided very high returns for holders, but the recent price surge of XRP has temporarily surpassed Bitcoin in terms of net returns for holders.
As Bitcoin adoption increases and the holding cycle extends, profits are distributed more evenly across price levels. The strong price surge of XRP has enabled a large number of its holders to realize profits in an extremely short time.
What Does This Mean for the Market
Such outstanding profit levels often signal turning points. While reflecting optimistic sentiment, it may also suggest profit-taking pressure in the short term. However, with increasing interest in futures contracts and stable trading volume, the growth momentum may continue—especially if the upcoming CLARITY Act provides regulatory clarity.
