🚨
The explosive highs of XRP above $3 have caught attention in the cryptocurrency space - with 94% of the total circulating supply now in profit (Glassnode). This represents an astonishing gain of 500% in just nine months, having risen from below $0.40 to over $3.11.
But here is where things get interesting:
Historically, when XRP holders reached profitability above 90%, it was a sign of deliberate conditions.
In 2018, XRP peaked at $3.30 before a 95% collapse.
In 2021, it peaked at $1.95 with 90% profitability, only to drop by 85% shortly after.
📊 NUPL indicator lights up danger
The net unrealized profit/loss (NUPL) for XRP has entered the belief-denial zone, a danger sign often seen before peaks. Although it hasn't yet reached 'euphoria', the higher this goes, the more tempting it becomes for investors to cash out.
📉 Bearish setup or bullish breakout?
The current chart shows a descending triangle near support at $3.05.
The confirmed collapse could push XRP towards $2.39 (–23%).
On the other hand, a bullish breakout above the $6 resistance could be targeted.
⚡ The big question:
Can XRP attract new institutional flows and broader altcoin momentum to support this rise, or will history repeat itself with another harsh correction?
👉 What do you think - is $3 the ceiling or just a step forward?
#XRP #Crypto #Altcoins #Trading #Binance