XRP profit-loss ratio drops to 0.38, network fees drop 91.5%

Glassnode sees capitulation in XRP: profit/loss ratio at 0.38, fees collapse 92%

XRP on-chain signals turned bearish. Glassnode reports capitulation and fading activity.

The 90‑day Realized Profit‑to‑Loss Ratio fell to 0.38, the lowest since 2024, signaling losses dominate realized flows according to Glassnode and NewsBTC.

Glassnode also highlights a sharp demand drop on-chain. The 90‑day average fees slid from ~5,900 XRP in Feb 2025 to ~500 XRP, down about 91.5% per Glassnode. “A drop of this magnitude... reflects a near‑total contraction in organic transaction demand,” the team wrote.

• XRP retraced ~15% in two weeks to the lowest since Nov 2024 NewsBTC.
• Past XRP bear phases lasted 400–790 days with 85–96% drawdowns, analyst ChartNerd notes X post.
• Current drawdown ~71% over ~350 days from July highs; duration and depth are diminishing over time, he adds X post.
• Weekly close below the 200‑week SMA just printed; prior cycles formed structural bottoms 8–29 weeks after such closes X post.
• Ali Martinez tracks an eight‑year rising trendline; support seen at $0.70–$0.90, with a potential move to $3 if it holds, and $8–$13 on a breakout above ~$3.30 X post.

Capitulation signals and fee compression point to weak momentum Glassnode. Analysts watch long‑term supports and timing windows for any bottom formation ChartNerd, Ali Martinez.