XRP Approaches $1.92 as Almost 50% of Supply Falls into Losses
Current Price and Market Trends: XRP is trading around $1.92, with nearly half of its circulating supply now at a loss, as it struggles to break the $1.94 resistance level and remains in a six-week downtrend.
Profitability Decline: On-chain metrics indicate that XRP's supply in profit has decreased to 52%, a significant drop that mirrors conditions seen during previous extended drawdown periods.
Impact of Large Holders: The top 1% of addresses control 87.6% of XRP's total supply, and their selling activity is contributing to the downward pressure on prices, especially in a weak demand environment.
Recovery Risks: Historical data suggests that when XRP's supply in profit falls below 50%, there is an increased risk of further declines, with a need for renewed demand to support any potential recovery above the $2.00 mark.
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Technical Analysis for MMT
Technical Sentiment Analysis for Momentum (MMT) As of , Momentum (MMT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MMT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MMT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Momentum (MMT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0253 | 0.0688 | 0.107 | 0.151 | 0.19 | 0.233 | 0.272 |
| Fibonacci | 0.0688 | 0.1 | 0.12 | 0.151 | 0.182 | 0.202 | 0.233 |
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