According to analysis from Glassnode, XRP holders are increasingly offloading their assets at a loss. The 90-day average realized profit-to-loss ratio has plummeted to 0.38, indicating that for every dollar lost, holders are only realizing 38 cents in profits. This figure is a stark contrast to its peak of 50 in 2025. A ratio below 1 suggests that unprofitable sales dominate the market, signaling potential capitulation among XRP investors. Currently, XRP is trading at approximately $1.11, having declined nearly 40% since the start of the year and significantly down from its July high of over $3.60.