Well, well, well, if it isn’t our dear friend XRP, feeling the heat as profitability goes down faster than my last relationship. Holders are panicking, losses are deepening, and selling pressure is cranking up like a bad reality TV show. Thanks to our buddy Glassnode, we get to witness this little drama unfold, which looks oh-so-familiar if you’ve been around during past market meltdowns.
XRP Takes a Dive After Losing Its Cost Basis – Cry Me a River!
According to a delightful analysis shared by the oh-so-reputable Glassnode on February 9, XRP is showing signs of crumbling profitability. Apparently, the cost basis has broken down faster than my willpower at a dessert buffet.
Glassnode’s analysis focused on those nifty on-chain profitability metrics that tell us whether XRP holders are cashing in or cashing out with their tails between their legs. And what did they find? Well, let’s just say:
“ XRP lost its aggregate holder cost basis, triggering panic selling … Holders are realizing significant losses … On-chain profitability flipped negative.”
Oh, you don’t say? The famous Spent Output Profit Ratio (SOPR) is here to save the day! It’s like a report card for crypto holders; when it’s above 1, they’re living the dream. Below 1? Well, let’s just say it’s time for some serious soul-searching. According to Glassnode, SOPR has dropped from 1.16 in July 2025 to a sad little 0.96. So yeah, most XRP is now being sold at a loss. Ouch!
And look! A lovely chart illustrating all this chaos. Isn’t it pretty? Glassnode highlighted:
“This setup closely resembles the Sep 2021-May 2022 phase, where SOPR plunged to a <1 range for prolonged consolidation before stabilization.”
Ah yes, memories of prolonged loss realization and sideways price action… Good times. Using their fancy long-term smoothing data, Glassnode reminds us that this isn’t just a fleeting moment; it’s a whole mood. So, while sub-1 SOPR is a big ol’ red flag for holder stress, it also might mean we’re just working through some supply issues before things settle back down. Think of it as an emotional rollercoaster, but without the safety harness.
FAQ ⏰
- Why is XRP SOPR below 1 important right now?
Because it shows XRP holders are selling at a loss, confirming that everyone is having a collective meltdown. - What did Glassnode say about XRP holder behavior?
They reported panic selling after XRP lost its aggregate holder cost basis. Surprise, surprise! - How does the current XRP SOPR compare historically?
It mirrors the Sep 2021-May 2022 period marked by prolonged consolidation and lots of tears. - Can sub-1 SOPR signal anything beyond weakness?
Yes! It can also align with supply exhaustion and eventual stabilization. Just hang in there!
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2026-02-10 05:28