- Ripple’s XRP traded near $2.15 after recent price declines across the cryptocurrency market.
- Downward pressure persists as the proportion of circulating supply in profit has dropped sharply.
- A breakout above $2.30 could give bulls room to push higher, but reduced speculative appetite limits immediate upside.
XRP is trading around $2.15 and is down on the week as the share of circulating supply in profit has fallen to about 58.5%.
That level is the lowest since November 2024, when XRP traded below $1, and blockchain analytics provider Glassnode describes the market as structurally fragile.
Weakness across Bitcoin, Ethereum and the broader altcoin market has coincided with XRP’s recent performance.
XRP supply in profit falls
Glassnode data show that strong downward pressure has driven the percentage of XRP supply in profit down to roughly 58% — the lowest reading since November 2024.
At that time, XRP traded near $0.53. Losses over recent weeks have pushed a larger share of holders into loss, suggesting many buyers entered at higher levels and are now under water.
Glassnode noted that approximately 41.5% of supply — about 26.5 billion XRP — currently sits in loss, signaling a market leaning toward late entrants and a top-heavy structure.
Since late September, distribution following profit realization appears to have occurred “into weakness, not strength,” according to Glassnode, which raises questions about whether bullish participants can sustain momentum.
Despite these headwinds, the launch of spot ETFs for XRP and several notable partnerships have supported sentiment to some degree, offering pockets of optimism amid the declines.
Congrats to $XRPC for $58m in Day One volume, the most of any ETF launched this year (out of 900), BARELY edging out $BSOL’s $57m. The two of them are in league of own tho as 3rd place is over $20m away. pic.twitter.com/MjsOeceeNb
— Eric Balchunas (@EricBalchunas) November 13, 2025
XRP price outlook
At the time of writing, XRP is near $2.15 as uncertainty persists across crypto markets. Bitcoin has rebounded from recent lows around $89,500 to near $93,000, but overall market sentiment remains cautious as retail and institutional demand has softened.
XRP was down about 1.6% in the last 24 hours and roughly 12% over the past week, trading closer to key support levels than to major resistance zones. Risk-off sentiment, macroeconomic concerns and episodic selling have contributed to the token’s downward pressure.
Technically, the daily relative strength index sits near 38 and is sloping lower, which can imply room for further declines if selling resumes. The moving average convergence divergence has recently produced a bearish crossover, reinforcing a cautious technical outlook.
Derivatives metrics also point to weakening speculative interest: XRP open interest has fallen to about $3.65 billion from $4.11 billion, indicating traders are stepping back amid uncertainty. A softer derivatives market typically limits rapid rallies driven by leverage.
Near-term support zones to watch are $2.10 and $2.00. On the upside, resistance appears at $2.30 and $2.50, with a more significant barrier around $3.00 if bullish momentum returns. Until speculative appetite recovers and on-chain indicators show healthier profit distribution, price action may remain range-bound and vulnerable to further downside.