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4 hours ago
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BEARISH 📉 : XRP price declines due to negative on-chain profitability since 2025

On-chain data from Glassnode highlights why XRP has been in a downtrend since 2025.

Key Factors for XRP Price Decline

  • XRP price dropped from over $3 last year and continues to fall amidst market weakness and sentiment shift.
  • XRP's decline linked to weakening on-chain profitability and rising losses among holders.
  • The price fell below the aggregate holder cost basis, causing many investors to be "underwater" (holding at a loss), often leading to panic selling.
  • Spent Output Profit Ratio (SOPR) is below 1, indicating most sales are at a loss.
  • Sustained negative profitability weakens investor confidence and can discourage new investments.

XRP Chart

XRP Market Structure

  • XRP’s current structure mirrors its bearish phase between September 2021 and May 2022.
  • Prolonged consolidation and low volatility observed during similar past periods.
  • Price recovery may delay until selling pressure eases and sentiment improves.

XRP is currently trading under $1.4, showing a 4.3% decrease in the past 24 hours and over 46% year-to-date decline, according to CoinMarketCap.