TL;DR

Ripple investors trail only those with BTC allocations in terms of total supply in profit, shows recent data from Santiment. At the same time, XRP holders in the green are a lot more than investors in ETH, DOGE, ADA, and LINK. XRPs price has failed to produce any significant moves in the past week or so, and is even 5% down within this timeframe. It now sits close to a crucial support level ($2.3), which could lead to another retracement to $2 if its broken to the downside, according to analysts.

However, this dull price action hasnt harmed XRP investors (paper) profits. Santiment reveals that those invested in the fourth-largest cryptocurrency are well in the green, with 98.3% of the total supply standing in profit.

This places XRP in a very high position according to this straightforward metric. The asset is second only to bitcoin, whose investors stand slightly higher at 98.4%. Whats particularly interesting is that BTC currently sits just inches away from its all-time high of last week (almost $112,000), and its expected that nearly all holders will be in the green.

However, the situation for XRP is a lot different since it is more than 30% away from its January 2018 peak of $3.4 (CoinGecko data).

Furthermore, XRPs total supply in profit is well above some of the assets most notable competitors. The percentages for ETH, DOGE, ADA, and LINK are as follows: 71.5%, 77.9%, 71%, and 80.5%.

However, Santiment warned that when this metric is very high, as is the case with XRP and BTC, the odds of profit-taking and a short-term pullbacks rise.

In contrast, when holders are mostly at a loss, it often indicates fear, undervaluation, and a potential opportunity to enter or add to a position before a price recovery.

Percent of Total Supply in Profit is a straightforward metric that shows how much of a cryptocurrency’s current circulating supply is held at a profit—meaning the coins were bought at a lower price than they’re worth today. Currently, some notable top caps supply in profit… pic.twitter.com/QU3sGrtV07