- Only 43.4% of the XRP supply stays in profit, marking the lowest level in 21 months.
- Since hitting its $3.66 peak in July 2025, XRP has lost more than 63% of its value.
- Binance whale inflows dropped to 12.6M XRP, showing weaker near-term sell intent.
The share of XRP supply in profit has fallen to its lowest level in nearly two years. The latest on-chain data shows that most holders now sit outside profit as weak market conditions continue.
Glassnode said in an X post on Monday that the ratio of XRP supply in unrealized profit has reached a 21-month low. The data shows growing pressure on holders during a long market decline.
For $1.33, only 43.4% of XRP’s circulating supply remains in profit. This is the lowest level since July 2024. It also marks a major change in supply positioning.
Source: Glassnode
XRP Losses Deepen Across Supply
The figures show that most of the supply is no longer above its purchase price. While 43.4% stays in profit, the other 56.6% sits at break-even or below cost. This reflects the scale of the latest drawdown.
XRP has remained under bearish influence for quite some time. For the sixth consecutive month, XRP is displaying its monthly bearish candlestick. Such a phenomenon was not visible even during the bullish cycles of 2017-2018 and 2021.
The token reached its latest all-time high of $3.66 in July 2025. Since then, the asset has fallen by more than 63% as heavy selling and macroeconomic uncertainty weighed on the market.
The Iran-US-Israel conflict has also moved beyond a regional crisis. It is influencing global markets, lifting oil prices, and adding fresh pressure as assets like Bitcoin, Ethereum, and XRP face rising uncertainty.
Binance Whale Inflows Signal Lower Sell Pressure
According to the analysis provided by Arab Chain, an analytical platform, another trend could be discerned, contrary to the whale flow data of Binance. Over the past weeks, funds flowing from whales to Binance have decreased dramatically, yielding low short-term sell pressure.
According to the latest reports, there seem to be whale flows into Binance of around 12.60 million XRP on a daily basis. This number sounds quite low compared to the last few months. These days, the flow of funds is in the hundreds of millions.
Source: CryptoQuant
Additionally, the 30-day cumulative whale flows are declining as well and currently comprise around 1.44 billion XRP. This amount is among the lowest observed in all of 2026.
This trend has occurred since the middle of March, when the 30-day cumulative flows had increased to 2.6 billion XRP. Afterwards, these decreased in a rather stable manner.
Low levels of whale inflows typically mean that whales are less active in depositing funds on exchanges. This tendency is usually interpreted by traders as a reduced probability of selling intentions. As a result, in most cases, prices become more stable in the short term.
Significant inflows on trading platforms were an indicator of strong selling pressure before. Inflows reduction suggests a drop in short-term selling intentions.
Related: XRP MVRV Hits Lowest Since July 2024 Amid Rising Realized Losses
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