On-chain data shows a sharp deterioration in XRP’s profitability, signaling that recent buyers face growing losses despite the token’s earlier surge. Glassnode reported that only 58.5% of circulating XRP remains in profit, the lowest reading since November 2024.
The figure underscores how many investors accumulated positions near the peaks above $3 and are now sitting underwater as the price hovers near $2.14. Although XRP trades nearly four times higher than its November 2024 value of $0.53, the drop from July’s $3.66 high has left 41.5% of its supply at a loss.
Critical Support XRP Must Hold
Market analysts, including IG Australia analyst Tony Sycamore, warned that stop-loss triggers and forced sales could intensify pressure if XRP continues to slip below key thresholds. He emphasized that a decisive recovery above $2.70 is essential to stabilize sentiment. Meanwhile, analyst Ali Martinez identified $2.15 as a critical support level, adding that a successful hold could pave the way for a move toward $2.40–$2.70.
$2.15 is the line in the sand for $XRP.
Hold it, and a move to $2.40–$2.70 becomes likely. pic.twitter.com/u3FTOlNE1F
— Ali (@ali_charts) November 17, 2025
Martinez suggested that a breakout above the neckline around $2.68 may indicate renewed bullish momentum. However, any failed attempt could invite another wave of sell-offs from traders seeking to limit losses.
In the meantime, concerns extend beyond XRP. Short-term Bitcoin holders are also under strain, with 95% currently underwater. Analyst Joe Consorti noted that the latest decline in BTC has been faster and deeper than earlier downturns in the current cycle, exposing buyers to steeper losses in a shorter timeframe. BTC’s brief drop below $90,000 earlier today highlighted the severity of the current market stress.
Spot XRP ETF Launches Offer Hope
Meanwhile, even with bearish sentiment taking hold, XRP supporters point to a major catalyst approaching this week. Following Canary Capital’s strong debut of its spot-XRP ETF, which reached over $250 million in assets, the market is now preparing for four additional ETF launches. Franklin Templeton, Bitwise, 21Shares, and CoinShares are set to introduce their products in the coming days to weeks.
Franklin Templeton’s entry carries particular weight due to its $1.6 trillion asset base. Analysts expect stronger inflows into the firm’s ETF compared to smaller issuers. JPMorgan estimates that XRP ETFs could attract more than $8 billion in combined assets during their first year, a projection that may reshape liquidity conditions if demand materializes.
The CoinRemark Team
Brenda Kanana
