Can XRP continue to make profits as the price trend slows?

XRP has increased more than 1% in the past two weeks, only three times.
More than 80% of all XRP in circulation remains profitable.

Following the upward momentum of a few weeks ago, Ripple (XRP) has stabilized and has not shown the same level of movement as other altcoins. XRP recently became the fourth largest asset, but what is its current status?
XRP’s bearish trend continues
AMBCrypto’s analysis of XRP’s daily timeframe charts shows that the price has risen more than 1% on only three occasions in the past 14 days.
Notably, these cases showed a significant decline of 6% on December 11, highlighting the sluggish trend observed in recent weeks. At the time of this analysis, XRP was trading at around $0.61 with a gain of less than 1%.
Source: Trading View
Additionally, the short-term moving average (yellow line) acted as immediate resistance near $0.63. This prevented the recent price from breaking out of the current price range.
Additionally, the relative strength index (RSI) also showed a weak trend. At the time of writing, it is below the neutral line and has remained so for almost two weeks.
Active addresses have yet to regain their September top address spot.
AMBCrypto’s examination of XRP’s active addresses shows that it has not recovered since the sharp drop in September. The chart shows that active addresses have decreased from more than 480,000 at press time to about 281,000.
Source: Santiment
This decline means that there are fewer wallets actively participating in XRP trading, which could potentially reduce trading volume and, in turn, have a potential impact on price.
XRP has slipped in the coin rankings.
During a period of positive price movement for XRP a few weeks ago, XRP’s market ranking rose. According to CoinMarketCap’s asset ranking based on market capitalization, it ranked 4th at the time of reporting.
However, considering the recent performance of other assets, the ranking is showing a downward trend. At the time of this update, its market capitalization was approximately $33.8 billion, ranking 6th.
Especially in the past few days, Solana (SOL) and Binance Coin (BNB) have surpassed XRP, as evidenced by their market caps.

How much is 1,10,100 XRP worth today?

More XRP holders are holding on to their profits.
Despite the slow movement in the price of XRP, a significant portion of the circulating supply has proven to be profitable.
An examination of Santiment’s total profitable supply found that more than 86 billion of the altcoin’s total supply was in a profitable position at the time of the report. This is over 86%.
Source: Santiment