94% of XRP Wallets Now in Profit—Someone Eventually Sells, But Here’s Why This Time Could Be Different

XRP holders are sitting pretty—94% of wallets now swim in profit waters. Classic crypto psychology says they'll cash out. Not so fast.

The Profit Paradox

Normally, this triggers a sell-off tsunami. Greed kicks in. Paper hands fold. But market dynamics shifted—institutional adoption, regulatory clarity, and real-world utility changed the game.

Why Holders Might HODL Harder

Liquidity pools deepened. Derivatives markets matured. Whales aren't dumping—they're accumulating. Retail FOMO? Barely a blip compared to corporate treasury moves. Traditional finance finally gets it—or pretends to, while still overcharging for wire transfers.

The Cynic's Corner

Sure, bankers still hate what they can't control—unless they can package it into a high-fee ETF. XRP's actual utility? Cutting their lunch.

Bottom line: This isn't 2017. Profits don't automatically mean panic. Sometimes, they just mean smart money staying put.

XRP Percent Supply in Profit | Glassnode Someone Always Sells as 94% of XRP Wallets Now in Profit Speaking on this, market analyst Winny recently explained that the market has a memory and tends to repeat itself. He compared the current moment to climbing a mountain, where the higher the climb, the harder it becomes to breathe.  The market watcher pointed out that XRP recently claimed $3.11, marking a 500% surge from $0.40 in under a year. As most holders now sit on profits, Winny reminded investors that XRP has seen this scenario before, and both times it ended badly. For instance, in January 2018, when more than 90% of wallets showed gains, XRP peaked at $3.30 and then crashed by 95%. Also, in April 2021, the same thing happened: profitability crossed 90% as XRP hit $1.95, before tumbling 85%.  Now, with profitability even higher at 94%, Winny has emphasized that the market could be facing the same risk because, at some point, investors take profits. According to Winny, "someone eventually sells" when most holders are in green. Why This Time Might be Different Despite this reality, Winny suggested that this cycle might not follow the same script, citing several bullish factors that could make the current situation different. For one, whale activity has reached record levels, with wallets holding over 1 million XRP climbing to new highs.  Moreover, he also noted that network activity is surging, with 225,000 daily active addresses, the most in three years. In addition, XRP is consolidating in a triangle pattern around $3.05.  Winny noted that if the price breaks below this level, it could slide to $2.40, but if it breaks higher, Elliott Wave models suggest a rally toward $6 or more. Should these technical and on-chain metrics hold strong, XRP might find strong support during profit-taking periods, hedging against the massive drops observed in past cycles. However, fellow analyst EGRAG crypto confirmed in a previous analysis that XRP could eventually face another big drop. Nonetheless, he insisted that it will likely happen only after a strong rally.  EGRAG predicted two possible scenarios. One, if XRP climbs to $9, he expects it to retrace by about 85%, pulling the price down to around $1.30, much like the 2021 crash. But if XRP surges to $27, he warned of a steeper 97% correction, which could drag it back to $0.80, mirroring the 2018 collapse.