XRP continues to struggle with demonstrating sustained bullish momentum, following a decline after its peak value of $3.40 in January 2025.
Current XRP Volatility
XRP has dropped as much as 46% in value over the past three months. Nonetheless, data from Glassnode indicates that 81.6% of XRP's current circulating supply remains in profit. This percentage has decreased from a year-to-date high of 92% but still signifies relative value for holders.
Trader Sentiments in the Korean Market
Data shows that traders in Korea played a significant role in purchasing XRP after its dip below $2 on February 3. However, sentiment shifted in recent days, as analysis revealed that 62% of trades on the XRP/KRW pair were sell orders, resulting in net sales of $120 million between April 6-7.
XRP Prospects for the Coming Period
XRP lost support at the $2 level, marking a new yearly low of $1.61 on April 7, but managed to reclaim this level on April 9. If XRP holds the $2 mark, it may indicate worsening bearish structure across multiple time frames. The key demand zone remains between $1.63 and $1.27.
The current situation in the XRP market demonstrates volatility and shifting trader sentiments. In the coming weeks, attention to key support and demand levels will be crucial in determining future trends.
