XRP, one of the top market capitalization cryptocurrencies, has skyrocketed past the $3 mark, pushing nearly 94% of the circulating supply into profitability. This milestone marks one of the strongest price surges for XRP in recent years, sparking interest from both retail and institutional investors.
This recent price volatility is occurring in the context of a broader upward trend in the cryptocurrency market, but XRP's explosive surge has drawn attention from the community due to its legal transparency and increasing utility in cross-border payments.
94% of XRP Circulating Supply is Profitable
According to on-chain data, nearly 94% of the total circulating XRP is currently profitable. This means that the majority of holders purchased their tokens below the current price. This metric is often seen as a strong indicator of market strength and can boost investor sentiment.
When such a large amount of supply is profitable, it indicates that long-term holders have weathered tough market conditions and may now see the opportunity to continue holding or take profits. Regardless, this reflects renewed confidence in the long-term potential of XRP.
What Does This Mean for the Future of XRP
The growth momentum of XRP is being reinforced, and this price level could become an important psychological support if the upward trend is maintained. With increasing adoption, ongoing partnerships in the financial sector, and regulatory clarity following the battle with the SEC, XRP could see further growth.
However, traders should be cautious - taking profits may lead to a short-term correction. But currently, the price action of XRP and the strength on-chain are giving buyers reason to celebrate.
