As a result, on-chain profitability for XRP holders has turned negative. Such an environment usually weakens investors’ confidence in a cryptocurrency and reduces the incentive to hold it, especially among short-term traders. Negative profitability can also discourage new capital inflows, as prospective buyers see limited signs of recovery or momentum, further contributing to price decline or stagnation.
XRP Structure Mirrors Bearish 2022 SetupAs of writing, the XRP price has declined even further, now trading under $1.4. CoinMarketCap data shows that the cryptocurrency has plummeted by more than 4.3% over the past 24 hours and by well over 46% year to date.
