After Reaching a Cycle High of $3.40

 XRP in Decline, But Holders Stay in the Green

After reaching a cycle high of $3.40 on January 16, 2025, XRP has been on a downward slope, shedding up to 46% of its value in just three months.

Now trading around $2.01, the digital asset has struggled to reclaim bullish momentum—but not everything is as bearish as it seems.

According to recent data from Glassnode, an astounding 81.6% of XRP’s circulating supply is still in profit. This figure, while down from its 2025 peak of 92%, indicates that a vast majority of XRP investors remain above water, even in the face of this multi-month correction.

This strong retention value is a testament to the resilience of XRP holders and a reflection of the crypto’s historical entry points. Much of the circulating supply was accumulated during lower price periods, especially in 2022 and early 2023 when XRP hovered near $0.30-$0.60.

In on-chain analysis, the percentage of supply in profit is more than just a feel-good metric—it has major implications for price behavior. Typically, when most holders are in profit, there’s room for healthy selling pressure during rallies.

However, the current phase of correction without massive panic selling suggests that long-term holders are holding firm.

Such high profitability, even after a 46% drawdown, could be an indicator that XRP’s support base is strong, potentially acting as a launchpad for future rallies—especially if favorable regulatory or adoption news breaks in the coming months.

XRP’s institutional and global use case keeps it relevant as it continues to be a cornerstone of cross-border payment solutions, especially with Ripple’s growing footprint in Asia, Latin America, and the Middle East. Its focus on real-world utility sets it apart from more speculative altcoins.

With regulatory battles cooling and expanding partnerships with financial institutions, many investors still see XRP as a high-upside, utility-driven asset.