#XRP is trading below its aggregate holder cost basis, which has triggered panic selling. The 7 day #EMA di SOPR has dropped from 1.16 in luglio 2025 to around 0.96, showing that most holders are now realizing losses. On chain profitability has flipped negative, confirming broad market stress.

This setup closely matches the settembre 2021 to maggio 2022 phase, when SOPR stayed below 1 for a long period and price moved sideways before stabilizing. If this pattern holds, XRP may remain in a consolidation phase until selling pressure weakens and #SOPR reclaims the 1 level.