81.6% OF XRP SUPPLY IS IN PROFIT, BUT TRADERS IN KOREA ARE TURNING BEARISH — HERE IS WHY

Imagine holding onto an asset, watching its value fluctuate, and constantly wondering if you should hold or sell. XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates that 81.6% of XRP s current circulating supply remains in profit.This is the reality for many XRP investors, especially those closely monitoring market trends in regions like Korea.Recent data paints a complex picture: while a significant portion of the XRP supply – a whopping 81.6% – remains in profit according to Glassnode, sentiment among Korean traders appears to be shifting towards bearish.This divergence begs the question: why are Korean traders seemingly losing confidence in XRP despite the relatively high percentage of profitable supply? Nevertheless, Glassnode data shows that currently, 81.6% of the circulating XRP supply remains in profit. Although the percentage of profitable supply has decreased from a yearly high of 92%, the dataset highlights the value that holders still retain after the recent correction. Percentage of profitable supply for XRP, BTC, SOL, ETH, and TRX.This article delves into the intricate factors driving this trend, examining on-chain data, trading patterns on Korean exchanges, and the broader market context to shed light on the reasons behind this intriguing phenomenon. XRP has bounced nearly 30% after a four-month low of $1.61 amid rising tariff tensions.However, the rebound may be short-lived as technical patterns and on-chain signals now point to a deeperWe will explore whether this bearish sentiment is isolated or indicative of a broader shift in market perception regarding XRP's future prospects. Currently, only Tron (TRX) has a higher profitable supply with 84.6%, while Bitcoin, Ether and Solana exhibited 76.8%, 44.9% and 31.6%, respectively. Analyst says Korean XRP traders are bearish. Data shows traders in Korea played a significant role in buying the first XRP dip below $2 on Feb. 3. Investors on Upbit and Bybit exchange filledPrepare to explore the nuances of XRP trading and the factors influencing investor behavior in the dynamic world of cryptocurrency.

Understanding the Profitable XRP Supply

Let's begin by examining the silver lining: the high percentage of XRP supply currently in profit.According to data from Glassnode, 81.6% of the circulating XRP supply is sitting pretty with unrealized gains. XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP (XRP) dropped as much as 46% over the pastThis means that a vast majority of XRP holders acquired their tokens at a price lower than the current market value. p XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP (XRP) dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates that 81.6% of XRP 8217;s current circulating supply remains in profit. /p p While the profit supply percentage is down from its year-to-date high of 92%, theWhile this might seem like a cause for celebration, it's crucial to understand that ""profit"" is only realized when the asset is sold.Until then, it's merely a potential gain susceptible to market volatility.

Comparing XRP's Profitability to Other Cryptocurrencies

To put XRP's profitability into perspective, it's helpful to compare it to other major cryptocurrencies. XRP (XRP) dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates that 81.6% of XRP s current circulating supply remains in profit. While the profit supply percentage is down from its year-to-date high of 92%, the data set highlighted the retention value for holders despite the recentWhile 81.6% is a considerable figure, it's not necessarily the highest across the board. 81.6% of XRP supply is in profit, but traders in Korea are turning bearish Here is why . A majority of XRP supply is in profit, but rising sell pressure at Upbit could be a sign that a growingAt the time of the original data assessment, Tron (TRX) boasted an even higher profitable supply at 84.6%. BTCUSD Bitcoin 81.6% of XRP supply is in profit, but traders in Korea are turning bearish Here is why XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.In contrast, Bitcoin (BTC), Ether (ETH), and Solana (SOL) exhibited lower percentages at 76.8%, 44.9%, and 31.6%, respectively. XRP dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates that 81.6% of XRP s current circulating supply remains in profit. While the profit supply percentage is down from its year-to-date high of 92%, the data set highlighted the retention value for holders despite the recent corrections.This comparative analysis highlights that while XRP holders are generally in a good position, other cryptocurrencies might offer different risk-reward profiles.

• Tron (TRX): 84.6% profitable supply
• XRP: 81.6% profitable supply
• Bitcoin (BTC): 76.8% profitable supply
• Ether (ETH): 44.9% profitable supply
• Solana (SOL): 31.6% profitable supply

This information allows traders to evaluate the potential value and risk associated with each crypto investment.

The Decline From Yearly Highs

While 81.6% is a positive figure, it's important to note that this percentage has decreased from its year-to-date high of 92%. Glencore-backed Cobalt Holdings scraps planned London listing. JThis decline indicates that a portion of XRP holders who were previously in profit have seen their gains diminish or even turn into losses.This reduction could be attributed to various factors, including market corrections, negative news, or profit-taking by early investors.Understanding this downward trend is crucial for assessing the overall health of the XRP market.

The Bearish Sentiment Among Korean Traders

Now, let's shift our focus to the heart of the matter: the bearish sentiment among Korean traders. Anonymous market analyst Dom pointed out that Korean traders executed 1.4 million trades on the XRP/KRW pair, with 62% being sell orders, resulting in a net sale of $120 million in XRP betweenDespite the relatively high percentage of profitable XRP supply, data suggests that traders in Korea are increasingly selling their holdings.This divergence between overall profitability and regional trading behavior presents a puzzling situation.So, what's driving this bearish outlook?

Analyzing Trading Patterns on Upbit and Other Korean Exchanges

A significant portion of XRP trading activity in Korea takes place on exchanges like Upbit.Recent data indicates a surge in sell orders on these platforms, suggesting that a growing number of Korean investors are choosing to exit their XRP positions.Anonymous market analyst Dom pointed out that Korean traders executed 1.4 million trades on the XRP/KRW pair, with 62% being sell orders, resulting in a net sale of $120 million in XRP between. XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP 81.6% of XRP supply is in profit, but traders in Korea are turning bearish Here is whyThis increase in selling pressure could be a key factor contributing to the bearish sentiment.

Possible Reasons for the Sell-Off

Several factors could explain why Korean traders are turning bearish on XRP.

1. Regulatory Uncertainty: The regulatory landscape surrounding cryptocurrencies in Korea is constantly evolving.Uncertainty about future regulations could be prompting some investors to reduce their exposure to XRP.
2. Profit-Taking: Some Korean traders may simply be taking profits after holding XRP for a period.If many investors bought XRP at lower prices, the current level could be seen as an opportune time to cash out.
3. Market Sentiment: Negative news or general market downturns can significantly impact investor sentiment.If Korean traders perceive a higher risk of further price declines, they may be more inclined to sell.
4. Alternative Investment Opportunities: The cryptocurrency market is vast and dynamic.Korean traders might be shifting their investments to other cryptocurrencies with perceived higher growth potential.
5. Local Economic Conditions: Changes in the Korean economy, such as rising interest rates or inflation concerns, could be influencing investment decisions.

These are just some of the potential factors and the real reasons for the sell-off could a mixture of all these things.

The Role of ""Kimchi Premium""

It's also important to consider the ""Kimchi Premium,"" a phenomenon where cryptocurrencies trade at higher prices on Korean exchanges compared to international markets.This premium is often attributed to high demand and limited supply within Korea.However, when the premium diminishes or turns negative, it can signal a shift in local sentiment. Currently, only Tron (TRX) has a higher profitable supply with 84.6%, while Bitcoin (BTC), Ether (ETH) and Solana (SOL) exhibited 76.8%, 44.9% and 31.6%, respectively. Analyst says Korean XRP traders are bearish. Data shows traders in Korea played a significant role in buying the first XRP dip below $2 on Feb. 3.If the Kimchi Premium for XRP has decreased, it could indicate that Korean traders are losing their enthusiasm for the cryptocurrency.

XRP's Overall Market Performance

Beyond the regional dynamics of the Korean market, it's crucial to consider XRP's overall performance and broader market trends. XRP (XRP) dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates that 81.6% of XRP s current circulating supply remains in profit.XRP has struggled to maintain sustained bullish momentum since it's cycle peak at $3.40 on January 16, 2025.

Analyzing XRP's Price Action

XRP has experienced significant price fluctuations over the past months. XRP longs remain in profit but crypto exchange data is raising a red flag.While it has shown periods of recovery, it has struggled to break free from its recent down trend. XRP dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates that 81.6% of XRP s current circulating supply remains in profit.This erratic price action could be contributing to the unease among traders, both in Korea and globally.While XRP has dropped as much as 46% over the past three months, Glassnode data still shows that 81.6% of XRP’s current circulating supply remains in profit. XRPUSD Ripple 81.6% of XRP supply is in profit, but traders in Korea are turning bearish Here is why XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40But the percentage is still down from its year-to-date high of 92%.

The Impact of the SEC Lawsuit

The ongoing legal battle between Ripple (the company behind XRP) and the Securities and Exchange Commission (SEC) has undoubtedly cast a shadow over XRP's market performance.The lawsuit, which alleges that XRP is an unregistered security, has created significant uncertainty and regulatory risk. 81.6% of XRP supply is in profit, but traders in Korea are turning bearish Here is whyAny developments in the case, positive or negative, can trigger significant price swings and influence investor sentiment.

Technical Analysis and On-Chain Signals

Technical analysis can provide valuable insights into XRP's potential future price movements. XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP (XRP) dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates that 81.6% of XRP s current circulating supply remains in profit. While the profit supply percentage is down from its year-to-date high of 92%, the data setTraders often use technical indicators, chart patterns, and support/resistance levels to make informed trading decisions. SOLUSD Solana 81.6% of XRP supply is in profit, but traders in Korea are turning bearish Here is why XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40Analyzing on-chain signals, such as transaction volume, active addresses, and exchange inflows/outflows, can also offer clues about the overall health and sentiment of the XRP network.A deeper dive into XRP's technical indicators and on-chain metrics is warranted to gain a more comprehensive understanding of its potential trajectory.

Practical Implications for XRP Investors

So, what does all of this mean for XRP investors?The key takeaway is that the market is complex and multifaceted.A high percentage of profitable supply doesn't necessarily guarantee sustained bullish momentum.Conversely, bearish sentiment in one region doesn't automatically spell disaster for the entire XRP ecosystem. SOLUSD Solana 81.6% of XRP supply is in profit, but traders in Korea are turning bearish Here is why XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025.Here are some practical implications to consider:

Diversification and Risk Management

As with any investment, diversification is crucial. News Summary: XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP (XRP) dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates that 81.6% of XRP rsquo;s current circulating supply remains in profit. While the profit supply percentage is down from its year-to-date high of 92%, theAvoid putting all your eggs in one basket. XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP (XRP) dropped as much as 46% over theDiversify your portfolio across different cryptocurrencies and asset classes to mitigate risk.Implement sound risk management strategies, such as setting stop-loss orders and managing your position size, to protect your capital.Always consider your risk tolerance and investment goals before making any trading decisions.

Staying Informed and Conducting Due Diligence

In the fast-paced world of cryptocurrency, staying informed is paramount.Keep abreast of the latest news, market trends, and regulatory developments.Conduct thorough due diligence before investing in any cryptocurrency. XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP (XRP) dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates that 81.6% of XRP s current circulating supply remains in profit. While the profit supply percentage is [ ]Understand the underlying technology, the team behind the project, and the potential risks and rewards.Don't rely solely on social media hype or opinions.Make informed decisions based on your own research and analysis.

Considering Long-Term vs. A majority of XRP supply is in profit, but rising sell pressure at Upbit could be a sign that a growing number of investors are turning bearish. XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025.Short-Term Strategies

Your investment strategy should align with your time horizon and financial goals.If you're a long-term investor, you might be less concerned about short-term price fluctuations and more focused on the long-term potential of XRP. ETHUSD Ethereum 81.6% of XRP supply is in profit, but traders in Korea are turning bearish Here is why XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.However, if you're a short-term trader, you'll need to be more attuned to market sentiment and technical indicators.Choose a strategy that suits your individual circumstances and risk profile.

Key Takeaways and Future Outlook

In conclusion, the situation surrounding XRP is nuanced and warrants careful consideration.While 81.6% of the XRP supply is currently in profit, the bearish sentiment among Korean traders raises a red flag.This divergence highlights the importance of analyzing regional trading patterns, regulatory developments, and broader market trends to gain a comprehensive understanding of XRP's potential future.The ongoing SEC lawsuit continues to be a major overhang, influencing investor sentiment and price action.Going forward, the outcome of the lawsuit, coupled with XRP's ability to attract new partnerships and demonstrate real-world utility, will be crucial factors in determining its long-term success.

• Korean traders are showing signs of bearish sentiment.
• Regulatory uncertainty and profit-taking could be contributing factors.
• XRP's market performance is closely tied to the SEC lawsuit.
• Diversification and risk management are essential for XRP investors.
• Staying informed and conducting due diligence is paramount.

The cryptocurrency market is inherently volatile, and past performance is not indicative of future results.Always do your own research and consult with a qualified financial advisor before making any investment decisions.