XRP is recording increased sell-offs, with evidence in recent data suggesting that 94% of its circulating supply is in profit. Analysts remain cautious that this scenario may further exacerbate pressure in the months to come, with investors intending to realize their earnings after an uptrend period of many years in gold price movements.
The selling off tendency, supported by long-term investors who began to sell XRP in periods when the currency remains undervalued, has sparked fears of future volatility. Institutional investors and large holders have not intervened to stabilize the market so far, leaving XRP vulnerable to additional declines.
According to market observers, 94 percent is a tipping point, and in the past, when this figure was severely hit, it tended to cause a significant exodus. The future of this token is unclear in the short term due to the lack of renewed demand by whales or financial institutions.