XRP Holders: Crying into Their Crypto Wallets?

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Oh, the drama! XRP holders are currently starring in their own financial soap opera, complete with tears, tantrums, and a plot twist that no one saw coming (or maybe everyone did, but hoped wouldn’t). The market has decided to play the villain, and poor XRP is left clutching its $1.33 price tag like it’s a lifeline.

According to the ever-so-cheerful folks at Glassnode (who clearly missed their calling as funeral directors), the majority of XRP’s circulating supply is now underwater. Yes, you read that right. Underwater. Like a crypto Titanic, but without the fancy dinner beforehand.

With price trading at $1.33, the Percent of XRP Supply in Profit has declined to 43.4%, the lowest since July 2024.

– glassnode (@glassnode) April 6, 2026

So, only 43.4% of XRP holders are in the green. The rest? Well, they’re probably Googling “how to explain losses to your spouse” or “is it too late to take up pottery?”.

This is the lowest profitability level since July 2024. Which, let’s be honest, feels like a lifetime ago in crypto years. Remember when we were all naive enough to think 2024 was the year of the bull? Cute.

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Back in the glory days of 2024-2025, the profitability metric was practically doing the cha-cha at 90% to 100%. But then came the blow-off top of 2025, and XRP’s chart took a nosedive that would make even the most seasoned rollercoaster enthusiast queasy.

Institutions: Ghosting XRP?

So, what’s to blame for this crypto catastrophe? Well, it seems institutional investors are giving XRP the cold shoulder. As of April 2, XRP ETFs in the US are down to a measly $917 million in assets. Just a few days ago, they were flaunting over $1 billion like it was no big deal. Oh, how the mighty have fallen.

The week of March 5-12 was particularly brutal, with net outflows that would make even the most dramatic reality TV star blush. March 6 and March 9 saw outflows of -$16.62 million and -$18.11 million, respectively. Ouch.

But hey, there’s a silver lining! The bleeding seems to have slowed. The last week of March was all about zero-flow days and minor drawdowns. Baby steps, right?

And let’s not forget the whispers of a potential “short squeeze” based on some bearish shenanigans in the derivatives market. Will the bulls roar back? Only time will tell. Until then, XRP holders, keep those tissues handy.

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2026-04-06 20:30