XRP’s Profit Share Plummets: Will the Market Crumble? 💸📉

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Ripple (XRP) has been subjected to the most exquisite torture by the market’s capricious whims, as if the very cosmos conspired to test its resilience. The crypto asset plummeted by a staggering 11% in the past week, a performance so lackluster it would make a sloth blush, before stabilizing near the press time price of $2.20, a price so low it makes one question the very fabric of existence.

Data now suggests that nearly half of the XRP supply sits in loss, indicating late buyers face a high risk-though one might argue they were merely seeking a dramatic exit from the financial stage.

Fragile XRP Market

Glassnode’s latest data reveals that a mere 58.5% of XRP remains in profit, a statistic so dismal it could make a pessimist weep into their champagne. This is the lowest level since November 2024, when the price was trading near $0.53, a time so distant it feels like the Stone Age. Despite XRP’s modest rebound near the current level, about 41.5% of the supply, which is roughly 26.5 billion tokens, remains underwater-a financial abyss so deep it could swallow a dragon.

The blockchain intelligence platform stated that this highlights a top-heavy market, with late buyers holding significant losses, as the market remains structurally fragile and vulnerable to sharp corrections. One might say it’s a house of cards built by a toddler with a penchant for chaos.

XRP’s price has remained largely unmoved despite a series of spot XRP ETF launches throughout November, offering US investors direct exposure to the XRP Ledger’s (XRPL) native cryptocurrency. This includes Franklin Templeton’s EZRP, which debuted on November 18, followed by additional products from Bitwise, 21Shares, and CoinShares, which are expected to roll out between November 19 and 22 on the Nasdaq Global Market. A parade of financial innovation, all while the market yawns in disinterest.

According to SoSoValue, Canary Capital’s XRPC, which is the first spot XRP ETF launched last week, has attracted almost $270 million in cumulative flows, with its Monday inflows being $25.41 million. Even so, the heightened interest has done little to shift the underlying crypto asset’s market trajectory. The asset is down 40% since hitting its all-time high of $3.65 in July this year, a decline so profound it has left even the most ardent fans questioning their life choices.

Crypto Searches Slump

Zooming out, public interest in the crypto market as a whole has slipped to its lowest level since June, according to Google search trends by crypto analytics firm, Alphractal. As Bitcoin, XRP, and other crypto prices decline, people quickly lose motivation, which is evident in the searches for exchanges, altcoins, and market trends that have now dropped sharply. A collective sigh of indifference so loud it could be heard from the moon.

Alphractal explained that interest typically returns only when volatility picks up and prices start moving higher. Until then, attention remains subdued, even though such quiet phases often present strong opportunities for long-term investors. A lesson in patience, perhaps, or a cruel joke played by the universe.

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2025-11-19 08:26