The net supply of XRP tokens in profit has capitulated to the lowest level in 21 months as of April 6.

The XRP Percent Supply in Profit, which tracks the percentage of circulating XRP that has last moved at a value below the current market price, has dropped to 43.4%, according to analytics from Glassnode. As such, the total supply of this token in profit declined to its lowest level since July 2024.

With XRP having a circulating supply of around 61.4 billion tokens, a total of 26.65 billion tokens, representing about $35.98 billion, are in profit at the time of publication. As a result, a total of 34.75 billion units are in losses, valued at approximately $46.91 billion at press time.

XRP supply in profit faces further decline amid bearish sentiment

The supply of XRP in profit is poised to decline further in the near term as its bearish sentiment persists in April. Since the price of this token hit its all-time high in mid July 2025, its supply of profits has gradually declined to date. On-chain analysis reveals that XRP investors have been selling their tokens at a loss in the past two quarters, based on data from Glassnode.

“With more than half of the supply underwater, investors who accumulated above $2 over the past 12 months have been realizing losses at a pace of $20M – $110M/day since November 2025,” Glassnode noted.

As such, if this altcoin drops further, potentially to establish its bear market bottom, the supply in losses will surge to historical levels. Although the token’s supply in profits could decline ahead, their selling pressure may stabilize, as the altcoin has achieved more long-term buyers, especially institutions, tapping into spot XRP exchange-traded funds (ETFs).

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