Market Analysis: $XRP Near a Turning Point?

XRP has shown remarkable performance, with its price remaining strong around $2.91, despite market pressures. An impressive data point released by analyst Xaif Crypto reveals that 93% of the circulating supply of XRP is currently in profit.

This high profitability is a sign of strength and investor interest, but it can also be a point of caution. When most holders have significant gains, profit-taking can become a trend, which could lead to a price correction in the short term.

However, XRP's history shows that the community and the project's fundamentals are strong, and many long-term holders remain optimistic. The question that remains is: will this high profitability be a catalyst for a new high, or a trigger for a correction?

What do you think? Leave your opinion in the comments.