XRP falls 16% from recent peak as 35% of supply turns unprofitable

Key Takeaways

How much has XRP declined from its recent high?

XRP has dropped 16.17% from its recent peak at $2.60, currently trading at $2.1551, with a 2.62% decline as of 17 November.

What percentage of XRP holders are now in loss?

Approximately 30-35% of XRP supply is currently held at a loss according to Glassnode data, marking a significant deterioration from October.

XRP continues its downward trajectory despite the historic launch of spot XRP ETFs on 14 November, with the token declining 16% from recent highs as holder profitability collapses to levels not seen since earlier this year.

The cryptocurrency trades at $2.1551 as of this writing, extending losses from the $2.60 level reached in recent weeks. 

The 16.17% decline occurred despite regulatory clarity improving through the launch of its spot XRP ETF in September, which marked the first U.S.-listed fund offering direct exposure to the asset.

Holder profitability collapses to multi-month lows

Glassnode data reveals a dramatic deterioration in XRP holder profitability throughout November. 

The percent of supply in profit has crashed from approximately 85-90% in October to current levels between 65-70%, meaning roughly one-third of all XRP holders now sit on unrealized losses.

Source: Glassnode

This marks a significant shift from earlier periods when nearly 100% of supply remained profitable. During January’s rally to $4 and again in July and August, when XRP traded near $3.50, virtually all holders enjoyed gains. 

The current reading represents the lowest profitability level since November 2024.

The correlation between declining prices and supply profitability demonstrates mounting pressure on holders. 

As more wallets fall underwater, the risk of capitulation selling increases, potentially accelerating downward momentum if support levels fail to hold.

XRP technical indicators signal ongoing weakness

XRP’s Relative Strength Index stands at 37.81, indicating oversold conditions are approaching but have not yet been reached. 

The indicator suggests additional downside remains possible before a technical bounce materializes. 

Source: TradingView

Previous RSI readings below 30 historically marked short-term bottoms, though current momentum shows no signs of reversal.

Price action reveals failed attempts to sustain rallies above $2.60. Each bounce has met immediate selling pressure, pushing XRP back toward the $2.10-$2.15 support zone. 

A breakdown below this level could accelerate losses toward the $2.00 psychological barrier.

The decline proves particularly notable given the timing. XRP ETFs launched in the previous week amid expectations that regulated investment products would drive institutional demand. 

Market context and ETF impact

Despite these institutional developments, XRP has failed to maintain momentum. The token peaked near $3.40 during the earlier 2025 rallies but has since surrendered most of its gains. 

Current prices sit approximately 37% below those highs, with the recent 16% decline from $2.60 representing fresh weakness.

The broader cryptocurrency market’s weakness has contributed to XRP’s decline. Bitcoin and Ethereum both face selling pressure, with Bitcoin testing $92,000 support and Ethereum briefly breaking below $3,000. 

This sector-wide correction has weighed on altcoins, including XRP, regardless of individual fundamental developments.