XRP holders are at a loss, as on-chain data analysed by Finbold reveals that $50.8 billion of holders are underwater by Monday, March 9, 2026.
Currently, 36.8 billion XRP purchased in the past is in loss, according to on-chain data analyzed by Finbold from leading digital assets market intelligence platform Glassnode.
With this altcoin boasting a market capitalization of about $82.9 billion at press time, only around $32 billion of the holders are in profit. Furthermore, XRP has a total supply of 99.9 billion and a circulating supply of 61.22 billion, according to market data from CoinMarketCap.
Why is it down today?
During the mid-European session, XRP price had dropped 0.75% in the past seven days to trade at about $1.35 at press time. It has been trapped in a choppy consolidation, as crypto traders closely monitor macroeconomic outlooks.
The primary reason why the XRP price is down today, amid high unrealized losses, is due to its low liquidity inflow amid extreme crypto fear. As Finbold reported over the weekend, the poor performance of the first XRP Exchange-Traded Fund (ETF) in the recent past has impacted its midterm bullish sentiment.
As such, XRP’s Open Interest (OI), a key metric used to measure derivatives and futures market size, has declined from its peak of about $10 billion in July 205 to around $2.2 billion at press time, according to market data analysis provided by CoinGlass, a leading blockchain analytics platform.
Consequently, this altcoin’s price has signaled midterm weakness as traders signal a similar drop to the 2021 bear market. Moreover, the Crypto Fear and Greed index was hovering around 19/100, which is extreme fear, according to data from Binance-backed CoinMarketCap.
What are crypto traders’ midterm expectations?
Amid the notable unrealized losses, crypto trading experts believe a bottom is in or very close. In the weekly timeframe, XRP price has been retesting its 2021 resistance level as a support level, as revealed by trading expert @Steph_iscrypto on X.
Meanwhile, XRP price must rebound from its current support level to invalidate a potential capitulation to $0.70, as argued by popular crypto trader ChartNerdTA.
