XRP Holders Sell at a Loss as Capitulation Signals Build

XRP holders are increasingly selling coins at a loss, according to Glassnode data cited by CoinDesk, suggesting the market is showing signs of capitulation. The 90-day moving average of XRP’s realized profit-to-loss ratio has fallen to 0.38, meaning realized losses now outweigh realized profits across on-chain activity.

The shift matters because capitulation is often associated with late-stage pressure in a downtrend, when holders who have endured losses finally exit positions. CoinDesk noted that this does not guarantee an exact market bottom, but it can appear near exhaustion points after sustained weakness.

The current reading marks a sharp reversal from XRP’s 2025 peak, when the same ratio reached 50. At that point, profit-taking dominated loss-selling by a wide margin; now, most coins changing hands on-chain are described as being underwater.

XRP was trading around $1.11 at the time of the CoinDesk report, down nearly 40% for the year. The token also remained far below its July high above $3.60, underscoring how much momentum has faded since the earlier rally.

For traders and market watchers, the data offers a clearer view of investor behavior rather than a simple price snapshot. It shows that selling pressure is increasingly coming from holders accepting losses, a condition that can reflect fear, forced selling, or exhaustion after a prolonged decline.