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81.6% of XRP supply is in revenue, but Korean entrepreneurs are becoming bearish – here’s why

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XRP has been struggling to find long bullish momentum since reaching its round of round to $ 3.40 on January 16, 2025. XRP (XRP) Dropped nearly 46% in the past three months, but despite its recent drawdown, glassnode data implies 81.6% of the current circulating -switching XRP supply remains income.

While the income supply percentage has dropped from the year-to-date high of 92%, the data set highlighted the cost of maintenance for holders despite recent corrections.

Cryptocurrencies, ripple, XRP, market, price review — *Percentage of income percent for XRP, BTC, Sol Eth, TRX. Source: x.com*

Currently, Tron only (Trx) had a higher unique -beneficial supply with 84.6%, while Bitcoin (BTC)Ether (Et) and Solana (Sol) 76.8%, 44.9%and 31.6%were shown, respectively.

Analyst said Korea XRP entrepreneurs are bearish

Data shows traders in Korea played A significant role in buying the first XRP Dip below $ 2 on Feb. 3. The investors in Upbit and Bybit Exchange filled their bids below $ 2, pushing the value of Altcoin back to $ 2.89 on Feb. 13.

However, the sentiment has passed in recent days. Anonymous Market Analyst Dom Taught Korea entrepreneurs conducted 1.4 million trade in the XRP/KRW pair, with 62% seller of orders, resulting in a net sale of $ 120 million in XRP between April 6-7.

The data follows a trend of heavy sales from long -term whales and new investors because the “retail confidence” on the XRP continues to slip. Last week, cointelegraph reported More than $ 1 billion in positions that are offloaded to an average price of $ 2.10

The chart of the higher XRP (HTF) chart (HTF) chart lost its $ 2 support, dropping a new annual annual to $ 1.61 on April 7, but Altcoin managed to get this critical level on April 9. Although the XRP holds the level of $ 2, the price reflects a market structure in many hours.

As described in the chart, the XRP will potentially close a daily candle below the 200-day average move (orange line), leading to a prolonged period of correction over the next few weeks. The main demand zone remains between $ 1.63 and $ 1.27 (blue box), where an accumulation period can open for altcoin.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.