Why XRP Holders Shouldn't Expect Rally Anytime Soon, Glassnode Breaks Down

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. After studying fresh on-chain data for June 2026, Glassnode analysts have come to a discouraging conclusion - XRP Ledger , the blockchain with the native token of the same name, is going through a severe hangover after a speculative boom of 2025. Advertisement Experts are recording an alarming combination as organic demand within the network has almost disappeared, while the market has entered a capitulation phase, dragging the asset's market value down with it. The main marker of this pressure is the realized profit and loss indicator (90D-SMA), which has collapsed to 0.38. XRP realized profit/loss ratio, Source: Glassnode This means that for every dollar of realized losses, there are now only 38 cents of realized profits. HOT Stories Japanese Bank Chooses XRP as Part of New Campaign; Bollinger Bands Keep $90,000 Bitcoin Prediction in Play; 224 Billion Shiba Inu (SHIB) Go Online as 2024 Whale Reawakens - Morning Crypto Report Hoskinson: Cardano Can 'Run the World' Compared with last year, when XRP was updating multi-year price records , the picture has turned into a mirror image. Back then, profit-taking exceeded loss-making sales by 50 times. Advertisement Now, amid a prolonged decline in prices, the market is overloaded with loss-making transactions. As a result, XRP's structure has become structurally fragile, with about 41.5% of the entire circulating supply, or 26.5 billion coins, now "underwater", while the share of profitable addresses has contracted to 58.5%. No demand, no fuel for XRP Most of those moving coins right now against the backdrop of a falling price chart entered the market too late and are now being forced to close positions at a loss. What makes the situation even worse is that XRP is simultaneously losing its fundamental support: the network is emptying at a record pace. The average daily volume of fees paid (90D-SMA) has fallen from 5,900 XRP in February 2025 to a symbolic 500 XRP today. Glassnode's charts clearly show this alarming decoupling: while the coin's price is trying to avoid a full collapse, the volume of network fees is already effectively lying "on the floor". Advertisement Total transaction fees on XRP Ledger, Source: Glassnode You Might Also Like Tue, 06/09/2026 - 12:57 Japanese Bank Chooses XRP as Part of New Campaign; Bollinger Bands Keep $90,000 Bitcoin Prediction in Play; 224 Billion Shiba Inu (SHIB) Go Online as 2024 Whale Reawakens - Morning Crypto Report By Gamza Khanzadaev A 91.5% loss is not a technical optimization of fees, but a sign of a large-scale user exodus after the speculative hype faded, Glassnode concludes. In the final analysis, XRP holders are trapped. From above, the price is being pressured by a giant overhang of loss-making positions ready to sell into any rebound. From below, there is no network activity capable of pushing prices higher. Under such conditions, counting on a quick trend reversal is a scenario that directly contradicts the hard numbers of the blockchain. #XRP #Ripple News #XRP News