As the price of XRP tries to recover from its recent lows, Glassnode has shared key metrics that point to weak momentum and “high traction.”
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XRP Profit/Loss Drops to Lowest Since 2024
On Tuesday, the market intelligence platform Glassnode to be revealed XRP is highlighting warning signs, with key off-chain indicators pointing to widespread and declining network activity.
In post X, researchers Glassnode emphasized that the 90-day moving average (MA) of the altcoin Realized Profit and Loss Ratio has fallen into the historical region associated with deep downtrends and time capitulation of the market.
Of course, the important metrics are there he has fallen to 0.38, its lowest level since 2024, which means that for every dollar of losses found in the market, only 38 cents of profit is taken. This represents a significant change from the peak of 2025, when the ratio rose to 50, indicating that gainers outnumbered losers by 50.
This has changed now, Glassnode confirmed, adding that such a low number indicates that many of those moving XRP are leaving their positions at a loss, which is “a sign of strong submission.”
Also, blockchain analytics firm said that network the work is very low. According to the data, the 90-day average of the total amount paid in the XRP network has decreased from 5,900 XRP in February 2025 to only 500 XRP, which represents a decrease of 91.5%.
“This large decline is no longer a market change. It reflects a general decline in organic transaction demand on the network since its peak,” Glassnode said.
The decline in these indicators indicates that business confidence has declined, and the market has shifted to a more speculative appetite and less active participation.
Is XRP Nearing Bottom?
Over the past two weeks, the price of XRP has soared followed again about 15%, the fall to the lowest levels since November 2024. In the middle of the work, the expert ChartNerd said that the cryptocurrency of the bear market history took 400-790 days and 85-96% drops.
Right now, altcoins have their own to be prepared for about 350 days, it is a 71% return from the July high. However, “the duration and % depth of these bears are decreasing over time; therefore, the record breaking period between now and EOY is getting closer,” he said.
He also noted that the altcoin closed below the 200-week Simple Moving Average (SMA) last week, which could also indicate that the bottom may be in the distance. Like him he explainedin the previous sections, the bottom of the structure is formed between 8 and 29 weeks after the first closing of the week below this SMA, which means that XRP can start to form the bottom in the coming months, if history repeats itself.
Meanwhile, market watcher Ali Martinez he realized that XRP may show the same pattern as it has repeatedly since 2018, as it is approaching its highest buying point in the last eight years.
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“For almost ten years, every touch of this kind of rise has changed dramatically, sending XRP back to $3 resistance,” the analyst said, adding that the cryptocurrency is also approaching this direction, with support between the levels of $0.70 and $0.90.
If this phase ends, the return to $3 will be a “real event.” Also, if XRP finally breaks through the eight-year resistance, around $3.30, the next major target could be between $8 and $13, the analyst concluded.
Image from Unsplash.com, Chart from TradingView.com
