XRP holders are capitulating, as per data tracked by Glassnode. This suggests that a bottom may be near.
XRP holders are increasingly selling at a loss, signaling market capitulation.
The 90-day moving average of the realized profit-loss ratio for XRP has dropped to 0.38, according to data tracked by Glassnode.
This means that for every $1 of losses that investors are taking right now, they're only getting back 38 cents in profit. Essentially, most coins traded on the blockchain are underwater.
This situation marks a reversal from the peak in 2025, when the ratio hit 50. At that time, profit takers were sellers of overwhelming losses at an impressive 50 to 1.
A ratio well below 1 is widely seen as a hallmark of capitulation, a market phase where exhausted holders finally throw in the towel and sell, often after enduring the prolonged pain of holding coins at a loss. It reflects intense fear or forced selling in the market.
While capitulation doesn't always mark the exact bottom, it often appears close to exhaustion points in downtrends. For XRP traders, this could mean that the bear market is in its final stages.
The payment-focused cryptocurrency was trading at around $1.11 at press time, a drop of nearly 40% for the year, according to data from CoinDesk. Prices peaked above $3.60 last July.#Xrp🔥🔥
