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More Than 40% of XRP Tokens Were Purchased Above the Current Price
According to Glassnode data as of November 18, more than 41% of the circulating supply of XRP (26.5 billion tokens) is currently at a loss for its holders. In other words, many investors bought their tokens at prices higher than the current market level.
Investor profitability has fallen to its lowest level since November 2024, and according to on-chain metrics, the XRP supply is now dominated by buyers who entered the market when the price exceeded $3.
Such a large volume of above-cost supply creates a constant risk for XRP price stability. If the price stabilizes or continues to decline, more investors may decide to minimize their losses, potentially triggering a wave of stop-loss orders and increasing downward pressure.
To avoid the worst-case scenario, XRP must break above and hold the resistance level at $2.70, which would return a substantial share of holders back into profit.
From a technical perspective, the token is weakening: it is trading below the 78.6% Fibonacci retracement level at $2.21 and below all major moving averages, including the 7-day SMA ($2.28) and the 200-day SMA ($2.63).
A bearish MACD crossover at -0.0104 confirms a short-term downward trend, while the RSI at 38 indicates that the token still has room to fall before reaching the oversold zone.
See also: "Bitcoin Targets $124,000: What to Expect from the Cryptocurrency’s Price"
