XRP Sees Intense Capitulation As Realized Profit-To-Loss Ratio Plunges
XRP is showing signs of weakening momentum even as price tries to rebound. Glassnode says the 90-day realized profit-to-loss ratio has dropped to 0.38, the lowest since 2024, indicating many holders are realizing losses rather than profits — a pattern consistent with capitulation. Network usage has also fallen sharply: the 90-day average of total transaction fees on XRP’s network has dropped from 5,900 XRP in February 2025 to 500 XRP, a 91.5% decline, suggesting a major contraction in organic demand. Despite the weak on-chain backdrop, some analysts think XRP may be nearing a bottom. One notes that past bear markets were much deeper and longer, and the recent close below the 200-week SMA could precede a structural bottom in the coming months. Another points to a long-term rising trendline near $0.70–$0.90 as a key support zone; if it holds, a rebound toward $3 is possible, with a break above long-term resistance potentially opening higher upside.
