XRP Dips Below $3, Still 94% of Holders Are in Profit, Raising Market Top Fears

The XRP price has dipped 4.35% in the last 24 hours, trading at $2.98, with a 28.8% increase in daily trading volume to $5.18 billion.

XRP Price Dips But Most Holders Are in the Green

XRP is making headlines again, with its price holding well above the $3 mark. What’s shaking up the crypto community is new data showing that a massive 94% of all XRP holders are currently sitting on profits. 

Historically, when this number rises above 90%, it shows that almost everyone who owns XRP is making money. At times like that, some investors may be tempted to sell and lock in their gains. The chart shows that in the past that high profit rates often coincided with major market highs or short-term peaks in price. 

XRP Percent Supply in Profit Source: Glassnode

Now, with 94% of holders in profit alongside XRP struggling below $3, many analysts and traders fear that a flood of selling could soon come if holders start to cash out. Still, XRP’s on-chain health looks strong. 

Most buyers, even those who came in late, are now seeing gains, which can keep the mood bullish for longer and attract more attention from speculative and long-term investors alike.

XRP Struggles Below $3 as Profit-Taking Keeps Price in Range

The daily chart shows that XRP has managed to stay above the $3 mark for a week now before dipping slightly. A key psychological level and resistance turned into support. After reclaiming this area, XRP has mostly traded in a wide sideways range as buyers and sellers battle for momentum.

XRP is trading at $2.99. The price dropped after struggling to break through major resistance at $3.66. This level has capped recent rallies and remains a tough barrier for the bulls. 

What’s interesting is that both the chart and on-chain data are flashing similar signals about the current market mood. Every time a high percentage of holders are in the green, XRP tends to get stuck in a range or face selling pressure. Many traders get tempted to take profits after big runs, making it tougher for the price to break higher.

XRPUSDT Analysis Source: Tradingview

Support comes in around $2.94, right near the 50-day simple moving average (SMA), with stronger backup at the 200-day SMA close to $2.46. The price has bounced off this short-term support level several times over the past month. If $2.94 fails to hold, XRP could quickly retest the $2.46 area.

XRP Price Indicators Show Weak Trend

Indicators currently show a mixed picture. The Relative Strength Index (RSI) is at 45.93. Neutral territory, meaning XRP is neither overbought nor oversold. This suggests buyers and sellers are evenly matched for now.

The MACD (Moving Average Convergence Divergence) is right around zero, confirming the sideways momentum. There is no strong bullish or bearish signal from this indicator at the moment.

The ADX (Average Directional Index) stands at just 24.01, showing the current trend is weak. This fits with XRP’s sideways range between support and resistance.

In summary, XRP is stuck between $2.94 (support) and $3.66 (resistance). Bulls must reclaim $3.66 to restart the rally, while a drop below $2.94 could bring more selling. For now, the market is in a wait-and-see mode, with moves out of this range likely driving the next big trend.