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XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP (XRP)<\/a> dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates<\/a> that 81.6% of XRP’s current circulating supply remains in profit. <\/p>\n While the profit supply percentage is down from its year-to-date high of 92%, the data set highlighted the retention value for holders despite the recent corrections. <\/p>\n Percentage Supply in Profit for XRP, BTC, SOL ETH, TRX. Source: X.com<\/em><\/p>\n<\/figcaption><\/figure>\n Currently, only Tron (TRX) <\/a>has a higher profitable supply with 84.6%, while Bitcoin (BTC)<\/a>, Ether (ETH)<\/a> and Solana (SOL)<\/a> exhibited 76.8%, 44.9% and 31.6%, respectively.<\/p>\n Data shows traders in Korea played<\/a> a significant role in buying the first XRP dip below $2 on Feb. 3. Investors on Upbit and Bybit exchange filled their bids below $2, pushing the altcoin’s value back to $2.89 on Feb. 13. <\/p>\n However, the sentiment has flipped over the past few days. Anonymous market analyst Dom pointed<\/a> out that Korean traders executed 1.4 million trades on the XRP\/KRW pair, with 62% being sell orders, resulting in a net sale of $120 million in XRP between April 6-7. <\/p>\n XRP selling on Korean markets. Source: X.com<\/em><\/p>\n<\/figcaption><\/figure>\n The data follows a trend of heavy selling from long-term whales and new investors as “retail confidence” in XRP continues to slip. Last week, Cointelegraph reported<\/a> over $1 billion in positions being offloaded at an average price of $2.10<\/p>\n Related: <\/strong><\/em>XRP price gains 13% after Trump 90-day tariff pause and XXRP ETF launch<\/strong><\/em><\/a><\/p>\n XRP’s higher time frame (HTF) chart lost its $2 support, dropping to a new yearly low of $1.61 on April 7, but the altcoin managed to reclaim this critical level on April 9. Even if XRP holds the $2 level, the price reflects a bearish market structure on multiple time frames. <\/p>\n XRP 1-day chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n As illustrated in the chart, XRP will potentially close a daily candle below its 200-day moving average (orange line), leading to a prolonged correction period over the next few weeks. The key demand zone remains between $1.63 and $1.27 (blue box), where a period of accumulation might unfold for the altcoin. <\/p>\n![\"Cryptocurrencies,](\"http:\/\/www.thebusinesschain.com\/wp-content\/uploads\/2025\/04\/019616ba-56a7-7062-abc4-ceafd3acd05d-scaled.jpg\" "\\"\\"")
Analyst says Korean XRP traders are bearish<\/h2>\n
![\"Cryptocurrencies,](\"http:\/\/www.thebusinesschain.com\/wp-content\/uploads\/2025\/04\/019616f3-9bae-73d9-96e6-15045dfcece0-scaled.jpg\" "\\"\\"")