Compass Investments

-Ripple has invested an additional ¥22,500 million in the Fairshake crypto superpack.

The increased profit level from the total supply of XRP could lead investors to realize their profits quickly, leading to a potential price drop.

If bulls can beat the 2021 high of $1.96, XRP could hit a new all-time high of $3.57.

XRP Ripple fell 1% on Tuesday after record profit taking by investors as the profit percentage of total supply reached a very high level in the last 6 weeks. This came after Ripple Labs donated another £2,500 million to cryptocurrency superparty Fairshake.

Brad Garlinghouse, co-founder and CEO of Ripple, announced that the company has donated another £2,500 million to Fairshake’s Cryptocurrency Political Action Super Committee (PAC). This is the third donation from Ripple Labs to the Fairshake Super Committee in the past year.

Fairshake played a key role in supporting cryptocurrency candidates who won the recent U.S. election in 2024.

order to keep the momentum going, Ripple is donating an additional £2,500 million to Fairshake,

Garlinghouse wrote in an email on Tuesday.

Fairshake is the most successful bipartisan, multi-candidate super PAC in American history.

the election of pro-cryptocurrency, pro-growth and pro-innovation candidates is unquestionable, and to keep the momentum going, Ripple is contributing an additional £2,500 million to Fairshake. go ahead!

Stuart Alderoti, Ripple’s general counsel, noted that he was one of Fairshake’s earliest supporters before the company was even successful.

When Fairshake first started, Ripple promised to be one of the first advocates. Innovation isn’t going anywhere, and we will remain a strong force in Washington for years to come.

Ripple’s donation follows record profit taking by investors after XRP prices rose over the past week. According to Santiment, XRP investors made a profit of more than 1.5 billion yen in the last week, the highest since 2021/4.

the increase in profits may be due to long-term holders who kept their tokens during the XRP price downturn after 2022. Also over the weekend, the rate of return on XRP exceeded 99 percent, and the market value to realized value ratio (MVRV), which measures the average profit and loss for all XRP holders, reached 217 percent.

almost all of the supply has a high rate of return, so investors can quickly take advantage if the market drops slightly or consolidates for a while.

XRP is testing the $1.35 support level after falling 6 percent over the past 24 hours. According to Coinglass data, the drop resulted in 24 million yen worth of XRP futures being liquidated in 2075 hours, with long and short positions liquidated totaling 1.507 million yen and 5568 million yen, respectively.

XRP is struggling to regain its 2-week high of $100 as selling pressure has increased slightly after a recent 1.96 percent rise in 2021.