Overview
- Glassnode reports 36.8 billion XRP—roughly 60% of circulating supply—are currently below cost, equating to about $50.8 billion in unrealized losses.
- XRP trades near $1.34 with short‑term bearish structure below the 100‑hour SMA, resistance around $1.3520–$1.38, and support flagged at $1.33–$1.3220.
- Derivatives activity has surged as spot cools, with XRP futures volume on BitMEX up over 7,000% to around $49 million and Binance posting roughly $733 million in 24‑hour turnover.
- Recent flows add to pressure, including $16.62 million in net outflows from U.S. XRP ETFs on March 6 and softer spot volume metrics on Binance.
- Ripple CEO Brad Garlinghouse voiced a multi‑year adoption outlook at the XRP Australia 2026 event, echoing industry notes on ‘dormant’ XRP liquidity that proponents say could support future payments use.