Data shows XRP among top five most profitable assets despite difficulties

A report from behavioral analytics platform Santiment confirms that XRP remains one of the most profitable assets among the top 5 mainstream assets despite its price woes.
The recent disclosure comes amid concerns that XRP will not be able to break through the $0.5 level, sparking speculation about the stablecoin. Since falling below $0.60 on April 12, XRP has seen occasional price gains within the broad market but has failed to recover to a critical price threshold in over two months.
However, XRP is still holding support at $0.50, indicating resistance but investors remain anxious about the lackluster price action. Interestingly, a recent disclosure by Santiment confirmed that a large portion of the XRP circulating supply is currently being traded at a profit.
Santiment’s Supply Profit Indicator
The chain-analytics-based resource provided data on its “supply profit” metric. For those unfamiliar, this metric calculates the current value of a token and compares it to its initial value when it first appeared on the blockchain. This metric assesses whether the token’s current price is above (profit) or below (loss) its initial price.
According to this indicator,
Bitcoin (BTC)
With prices very close to the all-time high of $73,000 reached on March 14, owning the highest percentage of circulating supply is in profit. For Bitcoin, 98.3% of its circulating supply is in profit, while Ethereum (ETH) is second with 95.1% of profitable supply.
Interestingly, Chainlink is ranked third with a circulating supply profitability of 86.8% and a current price of over $17. Meanwhile, Dogecoin’s profitability is 82.2%, with a price increase of 78.7% this year. Dogecoin’s lifeline came in March when the price surged to 87.5%, breaking through multiple resistance points.
XRP Proudly Holds 78% Supply Profit
The data further shows that despite not performing as well as other coins on the list, XRP ranks fifth on the list with a profitability ratio of 78.8%. Notably, at its current price of $0.5226, XRP is down 15% this year, making it the only cryptocurrency to suffer a drop since January.
XRP’s high profit margins may be due to two factors. One is that most of the circulating supply was released when prices were extremely low. Second, token releases tend to coincide with low prices, which is due to XRP’s persistently low value.
It is worth noting that XRP releases about 200 million tokens per month through Ripple’s escrow. This equates to 240 million per year. If monthly releases coincide with low XRP prices, this phenomenon could keep supply profits high.
For example, when XRP was trading at $0.5020 on May 1, Ripple released 500 million XRP. At the current price of $0.5226, the tokens are currently in profit. Additionally, when Ripple unlocked 1 billion tokens on June 1, XRP changed hands at $0.51. These tokens are also currently profitable. Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may contain the personal opinions of the author and do not necessarily reflect the views of The Crypto Basic. Readers are encouraged to conduct in-depth research before making any investment decisions. The Crypto Basic is not responsible for any financial losses. -Advertisement-