Ripple (XRP) Profitability Falls to 58.5% — Market Weakness Deepens

Ripple’s XRP is under renewed pressure as the broader crypto market struggles. The asset slid more than 11% over the past week, briefly touching $2.10 before stabilizing near $2.20. Fresh data now shows the market is becoming increasingly fragile.

Nearly Half of XRP Supply Is Now in Loss

According to Glassnode, only 58.5% of XRP supply is currently in profit — the lowest level since November 2024. This means that roughly 41.5% (26.5 billion XRP) is sitting at a loss. This signals a top-heavy market, where many late buyers are underwater and the network becomes more vulnerable to sharp corrections.

Spot XRP ETFs Are Not Moving the Market

Despite multiple U.S. spot XRP ETF launches in November, the underlying price remains largely unaffected:

• Franklin Templeton’s EZRP launched on Nov. 18

• Bitwise, 21Shares, and CoinShares ETFs roll out between Nov. 19–22

• Canary Capital’s XRPC — the first XRP ETF — has already attracted $270M in cumulative inflows

Even with rising institutional interest, XRP remains 40% below its $3.65 all-time high from July.

Crypto Search Interest Hits Multi-Month Low

Market sentiment remains weak. Data from Alphractal shows Google search interest for crypto has fallen to its lowest level since June. Searches for exchanges, altcoins, market trends have dropped sharply. Historically, this kind of “interest drought” happens during downtrends — and tends to reverse only when volatility and prices return. Until then, attention stays muted, even though these quiet phases often create strong opportunities for long-term investors.