XRP at Risk After 94% in Profit — Watch for Breakdown or Breakout

I'm cautious after XRP’s rally pushed ~94% of holders into profit; historically that level has preceded major tops and deep drawdowns.

The Glassnode NUPL sits in the belief–denial zone and price is trapped in a descending triangle, with support around $3.05 — a confirmed breakdown could target roughly $2.39 (~23% lower).

However, I acknowledge upside risk: sustained institutional inflows or a break above descending resistance would invalidate the bearish setup and could propel XRP higher toward $6.