Signs of Capitulation Emerge in XRP as Selling Intensifies

Glassnode data suggests XRP may be in a capitulation phase, a stage that often emerges when selling pressure is nearing exhaustion and market bottoms begin to form.

Holders are increasingly realizing losses, indicating that many investors are giving up after extended declines.

The 90-day moving average of XRP’s realized profit-to-loss ratio has dropped to 0.38, according to Glassnode.

This means that for every $1 of realized losses, only about $0.38 in profits is being taken—showing that most on-chain activity now comes from underwater positions.

That marks a sharp reversal from the 2025 peak, when the ratio hit 50, with profit-taking vastly outweighing losses by 50-to-1.

Levels well below 1 are typically associated with capitulation, when investors exit positions after sustained drawdowns due to fear, stress, or forced selling.

While this doesn’t guarantee a market bottom, such conditions often appear late in downtrends, suggesting XRP could be approaching a phase where selling pressure begins to fade.

At the time of writing, XRP trades near $1.11, down roughly 40% year-to-date. The token previously reached a high above $3.60 last July.