XRP holders are capitulating, with the 90-day moving average of the realized profit-to-loss ratio plunging to 0.38, according to Glassnode. This means for every $1 of losses realized, only $0.38 of profits are taken, indicating most traded coins are underwater. The ratio has reversed sharply from the 2025 peak of 50, when profit-taking dominated. A ratio below 1 is seen as a sign of capitulation, where exhausted holders sell at a loss after prolonged downturns. While not a precise bottom indicator, it often appears near exhaustion points in bear markets. XRP traded at $1.11 at press time, down nearly 40% year-to-date, with a peak above $3.60 in July 2025.

Key facts

• XRP realized profit-to-loss ratio drops to 0.38, well below 1.0.
• Ratio fell from peak of 50 in 2025 to current 0.38.
• Capitulation may signal a market bottom is near.
• XRP price at $1.11, down 40% year-to-date.
• Previous peak was above $3.60 in July 2025.