XRP Traders Undeterred: A 'Full Send' Could Come, Under One Condition

Core Viewpoint - XRP has experienced an 8% decline over the past week, yet prominent traders maintain confidence in its potential for recovery and growth [1][2]. Group 1: Trader Sentiment and Market Outlook - Trader DonAlt is gradually rebuilding his XRP position, citing its strong relative performance despite market hesitance towards other altcoins [1]. - DonAlt believes the market has not peaked and sees parallels to XRP's previous surge from around $0.60, anticipating that XRP will outperform once Bitcoin stabilizes [2]. - He predicts a significant upward movement for XRP if it breaks above key resistance levels, which would signal a bullish trend [3]. Group 2: Market Data and Structural Analysis - Glassnode data indicates that only 58.5% of XRP's supply is currently in profit, the lowest level since November 2024, suggesting a market with a significant portion of late buyers at a loss [4]. - Approximately 41.5% of the supply, equating to around 26.5 billion XRP, remains underwater, indicating a top-heavy market structure [4]. - Elevated selling pressure from holders who are trapped in losses is noted, but historically, such resets have led to strong recovery rallies for XRP [6]. Group 3: Technological Developments and Future Prospects - Ripple's CTO David Schwartz highlighted that the XRP Ledger is entering a new phase of evolution, with ongoing enhancements in programmability and smart contract features [5]. - XRP is expanding its role in decentralized finance (DeFi) through partnerships with platforms like Flare, MoreMarkets, Axelar, and Doppler, indicating a strategic shift towards new DeFi capabilities [5].