XRP Faces Pressure with $50 Billion in Unrealized Losses
- Approximately 36.8 billion XRP are currently held at a loss, totaling about $50.8 billion, or roughly 60% of the circulating supply.
- XRP’s realized price is around $1.44, while it trades near $1.35, indicating many holders are underwater.
- The Spent Output Profit Ratio (SOPR) for XRP remains below 1, showing that coins are being spent at a loss on average.
- Total open interest in XRP has fallen to about $2.25 billion, the lowest since January.
- Trading volume has declined significantly, with a z-score of about -1.16, indicating lower activity than recent averages.
XRP is experiencing significant market challenges as rising oil prices and broader economic concerns push investors towards defensive strategies, impacting trading volumes and liquidity.
With over $50 billion in unrealized losses, the majority of XRP holders remain underwater, complicating any potential recovery efforts for the token’s price.(Source)
