🚀 || XRP at $3.11: 94% Holders in Profit – Is the Rally Near Its Peak?

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✦ Historic Profitability Levels Signal Overheated Market

XRP’s rally to $3.11 has pushed nearly 94% of circulating supply into profit, according to Glassnode.

Historically, whenever 90%+ of holders were in profit, XRP entered a macro top zone.

In 2018, XRP peaked near $3.30 before a 95% decline. In 2021, profitability above 90% preceded an 85% crash from $1.95.

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✦ Belief–Denial Zone: NUPL Echoes Past Tops

XRP’s Net Unrealized Profit/Loss (NUPL) has entered the “belief–denial” phase, a stage that historically comes before market peaks.

Similar readings appeared in late 2017 and April 2021, both followed by steep corrections.

The current NUPL suggests investors are sitting on strong gains but have not yet entered full euphoria.

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✦ Bearish Chart Pattern: Descending Triangle Risks

XRP is consolidating inside a descending triangle, defined by:

Lower highs on the chart

A horizontal support level around $3.05

A decisive breakdown below $3.05 could send XRP down toward $2.39, a 23.5% drop.

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✦ Bullish Scenario Still Possible

If XRP breaks above the descending resistance line, it could invalidate the bearish outlook.

Bulls believe this move could spark a rally toward $6 in the coming months.

Sustained institutional inflows and broader altcoin market strength would be key drivers for this bullish case.

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✦ Key Takeaways for XRP Investors

✅ 94% holders in profit – a historic warning sign.

✅ NUPL in belief–denial zone – echoes 2017 & 2021 peaks.

✅ Descending triangle – risks a 20–23% decline if support breaks.

✅ Upside path to $6 still open if resistance breaks.

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⚠️ Final Note: XRP’s current setup mirrors past overheated conditions. While strong profit-taking could trigger a sharp correction, renewed demand may still drive prices higher. As always, traders should exercise caution and manage risk effectively.$XRP

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