XRP Price Faces Market Paradox as 60% Supply Sits Underwater While Derivatives Activity Climbs
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The post XRP Price Faces Market Paradox as 60% Supply Sits Underwater While Derivatives Activity Climbs appeared first on Coinpedia Fintech News The XRP price is sending mixed signals right now. On one side, a massive chunk of the supply is sitting in losses. On the other, derivatives traders are suddenly showing renewed appetite for leverage. Yeah… it’s one of those strange crypto moments where the market looks both pessimistic and speculative at the same time. Data from on-chain analytics firm Glassnode shows that nearly 60% of XRP’s total supply about 36.8 billion tokens is currently underwater, per an x post. In simple, more than half the circulating supply is being held at a loss relative to when it was acquired. And here’s the twist: that’s higher than during the COVID market crash, China’s crypto ban, and even the collapse of FTX. XRP Price Holders Sitting In Loss When a majority of tokens are underwater, it tells a pretty blunt story about market sentiment. A lot of investors bought higher. And now they’re waiting. Historically, clusters of underwater supply often create psychological pressure. Some holders eventually capitulate. Others simply sit tight, hoping for a rebound. Either way, the XRP price chart tends to reflect these emotional tug-of-wars. If price begins to recover, those underwater holders may become future sellers as soon as they reach break-even levels. That’s one reason analysts often pay close attention to supply-in-loss metrics when building XRP price prediction scenarios. Derivatives Traders Are Returning While spot holders appear stuck in losses, the derivatives market is telling a different story. According to data from CryptoQuant, Arab Chain highlighted that open interest for XRP contracts on Binance has climbed above its 30-day average. The numbers are fairly precise. Total open interest now sits around 447.7 million XRP, slightly above…
Filed under: News - @ March 10, 2026 7:23 pm