XRP investors capitulate at fastest pace since the 2022 crypto crash amid slide to $1
XRP fell to $1.02, its lowest since February, putting the $1 level under pressure after a broad crypto selloff. The drop triggered about $9 million in long liquidations, mainly on Binance, and drove XRP derivatives activity lower: open interest and futures volume have both contracted sharply, signaling fading speculation and less leverage risk. At the same time, holders are realizing losses at the highest rate in years, with XRP’s realized profit-to-loss ratio at 0.33, suggesting capitulation. Risk-adjusted returns are weak, with negative Sharpe readings, so traders have little incentive to re-enter. A near-neutral perpetual-to-spot imbalance lowers the chance of another liquidation cascade, but spot demand still looks too weak to support a durable rebound amid widespread weakness across crypto markets.
