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According to Glassnode, XRP holders are increasingly selling their assets at a loss. The 90-day average realized profit-to-loss ratio has dropped to 0.38: for every $1 in losses, there is only $0.38 in profits, as reported by CoinDesk. At its peak in 2025, this ratio reached 50. Glassnode estimates that a drop below 1 indicates a dominance of unprofitable sales and signs of capitulation among market participants. At the time of publication, XRP was trading around $1.11, down nearly 40% since the beginning of the year and significantly below the July peak of over $3.60.

In Glassnode, signs of XRP holder capitulation were observed.