XRP Profitability Plummets to 2024 Levels as Massive Sell-Off Continues

The XRP market is facing a significant stress test as on-chain data reveals a sharp decline in holder profitability. New reports from Glassnode show that XRP’s “Percent Supply in Profit” has fallen to just 43.4%. Consequently, this marks the lowest level of profitability for the asset since July 2024.

With the price currently hovering around $1.33, the majority of the circulating supply is now “underwater.” This means more than half of all XRP tokens were last moved at prices higher than the current market value.

Massive XRP Realized Losses

The downturn follows a period of heavy accumulation during the 2025 bull run. Furthermore, investors who bought XRP above the $2.00 mark over the last 12 months are now feeling the burn. The data indicate these holders have been offloading their positions at a staggering rate.

Since November 2025, investors have realized losses ranging between $20 million and $110 million every single day. This consistent selling pressure has created a heavy overhead resistance for the price.

Conviction Holders Begin to Waver

While short-term traders often panic during volatility, recent on-chain metrics suggest that even long-term “conviction” holders are starting to reduce their exposure. According to Glassnode’s HODL Waves, the 6-month to 12-month cohort recently trimmed its share of the supply from 23.5% to 22.9%. This shift indicates that the prolonged price suppression is finally exhausting the patience of seasoned investors.

Although hundreds of millions of XRP flowed out of exchanges in late 2025, the recent price drop to $1.30 has triggered a fresh wave of deposits. These inflows suggest that many holders are moving their tokens to platforms specifically to sell rather than holding them for recovery.

Ultimately, XRP remains trapped in a descending channel. Investors are waiting to see if the current “deep value” zone will finally attract enough institutional demand or a legislative catalyst. For instance, the upcoming CLARITY Act vote is one such factor that could potentially break the downward trend. Until then, the market remains in a defensive posture as it absorbs these historic realized losses. At press time, XRP is trading at $1.3, up by 3.8% in the last 24 hours as part of the broader market uptick.