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While XRP is currently trying to maintain the critical level of $2, Glassnode positions it as the altcoin with the highest profit for its investors. Data shows that 81.6% of XRP's circulating supply remains profitable.
Despite this data, South Korean investors with a special interest in XRP are experiencing a decline in XRP.
After the victory of U.S. President Donald Trump in November, XRP, which ranks among the top risers, has been struggling to maintain a sustainable rise since its peak of $3.40 in January.
Experts state that, according to the data, Korean traders have executed 1.4 million transactions in the XRP/KRW pair, and 62% of these are sell orders.
Experts noted that the trust of retail investors in XRP continues to decline, and added that there have also been significant whale sales in XRP.
In a recent analysis by Glassnode, it was noted that the XRP Profit/Loss Ratio has been steadily decreasing since January, stating, "This situation indicates less profit and more loss in XRP, and is generally a sign of declining conviction."