XRP Profit Supply Hits Record Low Amid Price Surge

Ripple’s XRP cryptocurrency has hit new lows in profitability amidst significant price growth and the launch of a major spot exchange-traded fund (ETF). This is according to data from Glassnode, which reveals that over 41.5% of XRP supply is currently held at a loss. This unexpected downturn comes despite the price surge and the notable entry of the Canary Capital Spot XRP ETF, marking $59 million in initial trading volume.