XRP Holders Drowning in Red Ink: Glassnode Says It’s Déjà Vu All Over Again!

Oh, darling, grab your life jacket because the XRP Titanic is taking on water again! According to the ever-so-cheerful folks at Glassnode, XRP holders are officially back to their favorite hobby: losing money. Yes, the Spent Output Profit Ratio (SOPR) has plunged below 1.00, which is financial jargon for “everyone’s selling at a loss and pretending it’s a tax write-off.” Sounds like a party, right?

Apparently, this SOPR thingy is now hovering around 0.96, down from a giddy 1.16 in July 2025. Analysts (aka the doom-mongers) are waving their hands frantically, shouting, “It’s just like 2021-2022 all over again!” Back then, SOPR stayed below 1.00 for months, trapping XRP in a financial straitjacket. Because, you know, nothing says “fun” like a prolonged period of accumulation. Pass the champagne… or maybe just the antacids.

Are XRP holders in trouble? Um, duh.

Panic is back in the XRP market, and this time it’s not just in your head-it’s baked into the blockchain itself. Glassnode’s data shows that XRP’s SOPR has face-planted below 1.00, confirming that most holders are selling at a loss. Because who doesn’t love a good fire sale? Especially when it’s your own portfolio going up in flames.

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So, what triggered this financial nosedive? Oh, just the small matter of the average holder’s acquisition price being breached. Glassnode calls it “losing the aggregate holder cost basis,” but let’s call it what it is: a collective “Oh, sugar!” moment. The price has plummeted from above $3 in mid-2025 to under $1.50 now. Because nothing says “confidence” like a 50% drop, right?

The last time XRP did this SOPR belly flop was between September 2021 and May 2022. Remember that? It was a delightful phase of sideways movement, fake bottoms, and failed bounce attempts. Basically, the financial equivalent of a bad first date that just won’t end.

Unless SOPR decides to pull itself together and reclaim 1.00 pronto, XRP might stay stuck in this sub-cost basis zone. Weak hands will be shaken out, and the base will be reset for the next recovery attempt. For now, capitulation isn’t just a theory-it’s a full-blown reality show, and we’re all reluctantly tuning in.

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2026-02-10 14:40