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Almost 94 % of XRP investors are now in green, which is rarely achieved in the history of crypto. The fourth crypto with capitalization, which carried an increase of up to $ 3.11, evokes as much euphoria as in fear. After previous episodes, where XRP achieved such profitability, there were violent repairs, in 2018 as in 2021. This time it is a new bull cycle … Or the preliminary brand of brutal conversion?
In short
- Almost 94 % of XRP investors currently have a profit, which is rarely achieved in the history of crypto.
- XRP in nine months jumped by more than 500 % and briefly reached $ 3.11.
- Historical precedents in 2018 and 2021 show that such levels of profitability after violent repairs.
- The XRP is at a key moment, between the continuation of the bull running and the risk of brutal correction.
Market at the top: 93.92 % of XRP investors in profit
While institutional investors are returning to crypto, 93.92 % of XRP holders are currently profit according to Glassnod data. The rare situation in the cryptological landscape, which is the result of an impressive assembly of more than 500 % in nine months, caused up to $ 3.11.
Such a concentration of holders in analysts of profitable challenges, especially because similar levels historically preceded the main reversal.
Data from the past support this caution:
- In January 2018, XRP reached $ 3.30, with a majority of profits. There was a decrease of more than 95 %;
- In April 2021 the new bull phase powered crypto to $ 1.95, before collapse 85 %;
- In these two cases, a high proportion of portfolios of recipients was followed by a strong movement of profits, resulting in a brutal correction.
The return of such a level of profitability could therefore create significant sales pressure. Investors could be able to ensure their capital gains after months of temptation, which would change the market in the distribution phase. Today, XRP develops in historically sensitive areas between legitimate enthusiasm and structural risks.
Technical voltage
Technical indicators will draw a contrasting table over the advantage of investors. XRP is currently developing in a graphic configuration “Descending triangle”a formula recognized for its potentially down down.
XRP found support for $ 3.05, a critical level that, if broken, could open the way to a drop to $ 2.39 by September. On the contrary, an ascending turning point in the trend line could reverse dynamics and, according to some analysts, bring assets to the $ 6 zone.
In addition, the chain data strengthens this voltage scenario. The unrealized NUPL (NUPL) has now entered the area marked with excessive confidence, historically associated with the market summits in 2017 and 2021.
This area reflects a phase where investors firmly believe in the effort to increase and at the same time deny the risk of correction. Such reading is part of a market context where expectations are high, but also volatility.
These combined signals, downward configuration, historical level of profitability and criticism indicators underline the key period for the XRP. If the market manages to maintain its support and verify the bull break, crypts could benefit from new dynamics. In the case of failure, however, a scenario of significant correction seems increasingly credible.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.