Over half of XRP supply is currently at a loss, says Glassnode

More than half of the total XRP supply has entered a loss-making zone, according to on-chain analytics firm Glassnode. The firm noted that investors who purchased XRP for over $2 in the past 12 months have been realizing losses of between $20 million and $110 million per day since last November. Glassnode's analysis suggests this indicates sustained selling pressure in the market, which could dampen investor sentiment in the short term.