An analysis indicates that a significant portion of XRP holders are currently experiencing losses. On-chain analytics firm Glassnode reported that over 40% of XRP investors are underwater. XRP Price Volatility Impacts Holders According to Glassnode's data, only 58.5% of XRP holders are in profit. This represents the lowest profitability level since November 2024, when XRP traded around $0.53. Despite XRP's current trading price of approximately $2.15, a substantial 41.5% of holders are at a loss. Unstable Market Structure for XRP? This situation suggests an "unstable market structure" characterized by buyers who entered the market at higher price points. The high percentage of holders at a loss could create selling pressure and contribute to further price volatility in the XRP market. Investors should proceed with caution and conduct thorough research before making any investment decisions. ```