Crypto Chaos: XRP’s Dramatic Plunge Leaves Holders in the Lurch!

Key Takeaways

How much has XRP declined from its recent high?

Ah, the sweet smell of fall! XRP has dropped a rollicking 16.17% from its recent peak of $2.60, now trading at a modest $2.1551-down a notch or two (2.62% to be precise) as of 17 November. Looks like our digital darling is having a day at the bowlers’ club-not quite on a roll.

What percentage of XRP holders are now in loss?

Apparently, a fair chunk-roughly 30-35%-of XRP supply is now in the red, according to the brainy folks at Glassnode. This marks a significant turnaround from October, when most were basking in the glow of profits. Poor dears, they were almost smug back then.

XRP continues its downward dance despite the glittering debut of spot XRP ETFs on 14 November-like bringing out the champagne only for the bubbles to pop. Its decline of 16% from recent heights has left holders clutching their gains like a bad poker hand.

The token is trading at about $2.1551-far from the $2.60 peak not long ago, a classic tale of hope dashed like a soufflé. It’s odd-regulatory clarity was supposed to be the golden ticket, and yet here we are, watching the price tumble like a clumsy juggler.

Holder profitability tanks to multi-month lows

Glassnode’s latest fairy tale report reveals a dramatic slump in XRP’s profitability. Once, 85-90% of supply was minting money-think of it as a financial garden of Eden. Now, less than 70% are in the green; the rest are holding paper that’s about as useful as last season’s hats.

Back in the glorious days of January, when XRP flew up to $4, nearly everyone was sitting pretty. July and August weren’t much different, with traders enjoying gains like cats in sunbeams. Alas, it’s a different story now-the lowest profitability since November 2024, which is a right kick in the teeth.

This downward spiral from soaring highs to current woes illustrates an undeniable fact-pressure is mounting, and more wallets are going under. If support levels crack, we might be watching a stampede rather than a gentle stroll.

XRP technical indicators signal ongoing weakness

The Relative Strength Index (RSI)-that little gauge of hope-stands at 37.81, edging out of oversold territory, but not by much. It hints that there might be a bit more pain before the sweetness of a bounce-like trying to get a cat to take a bath.

In past escapades, RSI below 30 marked short-term bottoms-think of it as the crypto world’s version of a diving board. But, our current RSI suggests no immediate joyride is on the horizon.

Every attempt to rally above $2.60 has been quickly squashed, like a bug under a dusty boot. The support zone of around $2.10-$2.15 holds, but if that fails, we could see XRP slipping into the $2.00 club faster than you can say “bankruptcy.”

All this chaos is particularly amusing since just last week, XRP ETFs launched amid dreams of institutional adoption. Hah! How’s that working out? It seems even regulators’ shiny new toys can’t halt the slide.

Market context and ETF impact

Despite the glittering hopes, XRP has been behaving like a bad actor-peaking at around $3.40 earlier this year, only to surrender most gains faster than a gambler’s last dollar.

Prices are about 37% below those heady days, with the latest 16% tumble from $2.60 adding insult to injury.

The entire crypto crew is suffering-Bitcoin flirting with $92,000, and Ethereum briefly dropping below $3,000. It’s a sector-wide mess, and XRP’s predicament isn’t doing itself any favors.

2025-11-18 03:06