XRP’s Profits Soar Above 90%, Exceeding Ethereum, Chainlink, and More

Currently, over 90% of the total supply of XRP is in profit, despite the token’s price experiencing minimal movement over the last quarter.

Insights from a blockchain analytics company indicate that the majority of XRP in circulation was obtained at prices that are lower than its present market rate.

This significant level of profitability positions XRP favorably compared to a number of prominent alternative cryptocurrencies. In contrast, Ethereum, Dogecoin, Cardano, and Chainlink have 71.5%, 77.9%, 71.0%, and 80.5% of their supplies, respectively, that are profitable.

Nonetheless, XRP is second only to Bitcoin, which boasts that 98.4% of its supply is in profit.

According to analysts, this metric for profitability is commonly employed to gauge investor sentiment. They note that a larger proportion of profitable wallets could result in short-term selling pressure as investors take their gains.

Conversely, a market where many investors are facing losses typically elicits fear or perceptions of undervaluation, which may attract new buyers and long-term investments.

Despite a recent decline of 6% in XRP’s price this week, the robust on-chain profitability hints at a stable base for a potential recovery.

Factors Contributing to XRP’s Future Success

Market experts indicate that factors beyond mere price movements could trigger the next phase of growth for XRP.

The ongoing case involving Ripple and the US Securities and Exchange Commission (SEC) has largely reached resolution, removing a significant source of uncertainty surrounding the token.

Nonetheless, progress in the case has recently stalled, as procedural issues led Judge Analisa Torres to deny a joint request.

In any case, the overall market perspective on XRP remains significantly positive, as the token continues to capture considerable interest.

For example, Nasdaq-listed VivoPower has announced plans for a $121 million treasury backed by XRP, marking a pioneering move for a publicly traded company in the US and underscoring confidence in the token.

Additionally, the XRP Ledger (XRPL) is witnessing rapid growth within its ecosystem, particularly as major institutions begin to adopt it.

This month, the Dubai Land Department selected the blockchain network for a project aimed at real estate tokenization.

At the same time, new stablecoin offerings are being introduced on the network, broadening its utility in both fintech and conventional finance sectors.

Furthermore, interest in XRP-related trading instruments among institutional investors is on the rise.

This trend is highlighted by the Chicago Mercantile Exchange (CME) recently launching XRP futures products, alongside the US SEC considering various applications for a spot XRP exchange-traded fund.

Collectively, these signs indicate a growing institutional trust and a wider movement toward the adoption of XRP, which could strengthen its market value.