XRP has experienced volatility due to failing to maintain its holder cost basis, triggering panic selling and negative on-chain profitability, reminiscent of a consolidation period between September 2021 and May 2022. The SOPR ratio has dropped below one, indicating that most coins are being sold at a loss. Despite short-term bearish signals, long-term interest is growing. Whale accumulation surged, and XRP Ledger addresses spiked, suggesting capitulation-driven accumulation. XRP is currently trading at $2.97. Whether institutional utility and sustained ledger activity can offset bearish technical momentum and maintain support will determine the outlook.
XRP Holders Sell at Loss as Cost Basis Breaks—Yet Whale Accumulation and Network Activity Explode ⋆ ZyCrypto
