XRP News: Supply in Profit Hits Year-To-Date Low, Bearish Sentiment Climbs

Recent developments in the XRP market have sparked concerns among investors, with the cryptocurrency’s supply in profit hitting a year-to-date low. Here’s a closer look at what’s happening in the XRP market.

XRP’s Supply in Profit Hits Year-To-Date Low

The price of XRP has plunged 35% from its all-time high, leading to a decrease in the amount of XRP tokens held in profit. On-chain data shows a climbing bearish sentiment against the altcoin, hinting at an extended decline. Additionally, there has been a drop in new demand for XRP, signaling a slowdown in market interest. As of now, 87.95 billion tokens out of a total supply of 99.98 billion are held at a profit, indicating increased selling pressure and weakening market sentiment.

Why is the Ripple (XRP) Price Down Today?

XRP dropped below $2.20, mirroring a broader crypto market decline. Some analysts remain optimistic, predicting a rally to $5 and beyond if the price holds key support. Ripple’s XRP witnessed a substantial resurgence on March 3, with its valuation climbing to just over $3. However, in the following days, it dived into red territory and as of recent data, it trades at approximately $2.18. The negative performance coincides with the broader decline of the cryptocurrency sector, whose total market capitalization plummeted below $2.8 trillion. Bitcoin (BTC) briefly slipped to $80,000, while Solana (SOL), Cardano (ADA), Dogecoin (DOGE), and many more leading altcoins have also charted substantial losses.

Ripple (XRP) Falls 18%: Should You Buy The Dip?

The cryptocurrency market continues its downward trajectory. Bitcoin (BTC) has slipped to the $82,000 price point for the second time in 2025. The global crypto market cap has fallen 4% in the last 24 hours to $2.81 trillion. Ripple’s XRP token, which climbed to above $3 for the first time in seven years earlier this year, has lost significant traction over the previous few weeks. In the daily charts, XRP is down 3.2%, 18.1% in the weekly charts, 11.5% in the 14-day charts, and 9.5% over the previous month. Despite the recent dip, XRP has maintained substantial gains in the yearly charts, up 249.6% since March 2024.

Ripple v. SEC Lawsuit Update: Resolution on the Horizon?

Leadership changes at the SEC, including the exit of Gary Gensler and key reassignments, could signal a reduced penalty or resolution for Ripple. Despite speculation, no official settlement has been reached, with experts calling the case more complex than other crypto lawsuits. The US Securities and Exchange Commission (SEC) continues to confront Ripple legally, but recent developments, such as the departure of anti-crypto Chairman Gary Gensler, suggest the dispute’s final resolution might be imminent.