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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h245">XRP holders are sitting on tremendous losses</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h382">Bitcoiners are fairing much better</a></li></ul>
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    Messari’s cryptocurrency <a rel="nofollow" target="_blank" href="https://twitter.com/MessariCrypto/status/1272962701120221186">analyst Ryan Watkins</a>&nbsp;claims&nbsp;that the holders of XRP, the fourth-largest cryptocurrency by market capitalization, are ‘deeply in the red.’&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    
    He estimates that the price of XRP is about 86 percent lower compared to its aggregate cost basis.&nbsp;
    <em>image by&nbsp;<a rel="nofollow" target="_blank" href="https://twitter.com/MessariCrypto/status/1272962699144634370">@MessariCrypto</a></em>
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    XRP holders are sitting on tremendous losses
    
    XRP, the lion’s share of which is owned by blockchain company Ripple Labs, is currently changing hands at $0.19. It remains down 94 percent from its all-time high of roughly $3.30 it reached on Jan. 4, 2018.&nbsp; &nbsp; &nbsp;&nbsp;
    
    According to Watkins, the token’s aggregate cost basis is $1.38 despite the fact that it only 2.1 percent out of 2,131 daily closes were above $1.0. &nbsp;
    
    As <a href="https://u.today/trading-legend-peter-brandt-believes-xrp-could-soon-tank-to-this-level-against-bitcoin">reported by U.Today</a>, trading vet Peter Brandt claimed that XRP price recently dipped below a crucial support level against Bitcoin.&nbsp;
    
    Hence, Brandt expects it to plunge to as low as 1,100 satoshis since he believes that Ripple ‘has blown the wad’ allocated to support the token.&nbsp;&nbsp;&nbsp;&nbsp;
    
    <a href="https://u.today/ripples-partner-mercury-fx-confirms-it-still-uses-xrp-teases-some-exciting-news">card</a>
    
    Bitcoiners are fairing much better
    
    Meanwhile, Bitcoin’s profit and loss (P&amp;L) is currently at 61 percent, with the implied cost basis of the leading cryptocurrency sitting at $5,766.
    
    Nearly <a href="https://u.today/nearly-80-percent-of-all-bitcoin-supply-is-in-profit-data-shows">80 percent</a> of Bitcoin’s total circulating supply is in profit, according to data provided by Glassnode (the same applies to the coin's addresses).
    
    As for Ethereum, only 51 percent of all addresses <a rel="nofollow" target="_blank" href="https://twitter.com/glassnode/status/1272904034182201349">are in the green</a> after the ICO bubble popped.
    <em>image by&nbsp;<a rel="nofollow" target="_blank" href="https://twitter.com/glassnode/status/1272904034182201349">@glassnode</a></em>
    
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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h245">XRP holders are sitting on tremendous losses</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h382">Bitcoiners are fairing much better</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    Messari’s cryptocurrency <a rel="nofollow" target="_blank" href="https://twitter.com/MessariCrypto/status/1272962701120221186">analyst Ryan Watkins</a>&nbsp;claims&nbsp;that the holders of XRP, the fourth-largest cryptocurrency by market capitalization, are ‘deeply in the red.’&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    
    He estimates that the price of XRP is about 86 percent lower compared to its aggregate cost basis.&nbsp;
    <em>image by&nbsp;<a rel="nofollow" target="_blank" href="https://twitter.com/MessariCrypto/status/1272962699144634370">@MessariCrypto</a></em>
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    XRP holders are sitting on tremendous losses
    
    XRP, the lion’s share of which is owned by blockchain company Ripple Labs, is currently changing hands at $0.19. It remains down 94 percent from its all-time high of roughly $3.30 it reached on Jan. 4, 2018.&nbsp; &nbsp; &nbsp;&nbsp;
    
    According to Watkins, the token’s aggregate cost basis is $1.38 despite the fact that it only 2.1 percent out of 2,131 daily closes were above $1.0. &nbsp;
    
    As <a href="https://u.today/trading-legend-peter-brandt-believes-xrp-could-soon-tank-to-this-level-against-bitcoin">reported by U.Today</a>, trading vet Peter Brandt claimed that XRP price recently dipped below a crucial support level against Bitcoin.&nbsp;
    
    Hence, Brandt expects it to plunge to as low as 1,100 satoshis since he believes that Ripple ‘has blown the wad’ allocated to support the token.&nbsp;&nbsp;&nbsp;&nbsp;
    
    <a href="https://u.today/ripples-partner-mercury-fx-confirms-it-still-uses-xrp-teases-some-exciting-news">card</a>
    
    Bitcoiners are fairing much better
    
    Meanwhile, Bitcoin’s profit and loss (P&amp;L) is currently at 61 percent, with the implied cost basis of the leading cryptocurrency sitting at $5,766.
    
    Nearly <a href="https://u.today/nearly-80-percent-of-all-bitcoin-supply-is-in-profit-data-shows">80 percent</a> of Bitcoin’s total circulating supply is in profit, according to data provided by Glassnode (the same applies to the coin's addresses).
    
    As for Ethereum, only 51 percent of all addresses <a rel="nofollow" target="_blank" href="https://twitter.com/glassnode/status/1272904034182201349">are in the green</a> after the ICO bubble popped.
    <em>image by&nbsp;<a rel="nofollow" target="_blank" href="https://twitter.com/glassnode/status/1272904034182201349">@glassnode</a></em>
    
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XRP Price Is 86 Percent Lower Compared to Its Cost Basis: Crypto Analyst

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Tue, 16/06/2020 - 19:45
XRP Price Is 86 Percent Lower Compared to Its Cost Basis: Crypto Analyst
Cover image via stock.adobe.com
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Contents
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Messari’s cryptocurrency analyst Ryan Watkins claims that the holders of XRP, the fourth-largest cryptocurrency by market capitalization, are ‘deeply in the red.’     

He estimates that the price of XRP is about 86 percent lower compared to its aggregate cost basis. 

Messari2
image by @MessariCrypto

card

XRP holders are sitting on tremendous losses

XRP, the lion’s share of which is owned by blockchain company Ripple Labs, is currently changing hands at $0.19. It remains down 94 percent from its all-time high of roughly $3.30 it reached on Jan. 4, 2018.      

According to Watkins, the token’s aggregate cost basis is $1.38 despite the fact that it only 2.1 percent out of 2,131 daily closes were above $1.0.  

As reported by U.Today, trading vet Peter Brandt claimed that XRP price recently dipped below a crucial support level against Bitcoin. 

Hence, Brandt expects it to plunge to as low as 1,100 satoshis since he believes that Ripple ‘has blown the wad’ allocated to support the token.    

Bitcoiners are fairing much better

Meanwhile, Bitcoin’s profit and loss (P&L) is currently at 61 percent, with the implied cost basis of the leading cryptocurrency sitting at $5,766.

Nearly 80 percent of Bitcoin’s total circulating supply is in profit, according to data provided by Glassnode (the same applies to the coin's addresses).

As for Ethereum, only 51 percent of all addresses are in the green after the ICO bubble popped.

glassnode
image by @glassnode
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