The report indicates widespread selling at a loss, a classic sign of capitulation. this suggests that the market sentiment is extremely bearish, potentially leading to further price declines if selling pressure continues.
The data shows a sharp decline in the realized profit-to-loss ratio, indicating that most holders are selling at a loss. this, combined with the year-to-date price drop, suggests continued downward pressure.
Capitulation often marks the later stages of a bear market, implying that a potential bottom could be near, but the immediate price direction is still expected to be negative until selling pressure subsides.
Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email XRP market shows signs of capitulation as holders sell at loss XRP holders are capitulating, according to data tracked by Glassnode. That suggests a bottom may be near. By Omkar Godbole | Edited by Sheldon Reback Jun 10, 2026, 8:24 a.m. 1 min read Make preferred on XRP holders capitulate. (sergeitokmakov/Pixabay) What to know : XRP investors are increasingly selling at a loss, indicating most onchain transactions involve coins that are underwater. The ratio marks a sharp reversal from the 2025 peak, when profit-takers outnumbered loss-sellers by 50 to 1, and is widely seen as a classic sign of market capitulation. XRP is trading around $1.11, down nearly 40% for the year and far below its July peak above $3.60, suggesting the token's bear market may be in its late stages. XRP holders are increasingly selling at a loss in a textbook sign of market capitulation. The 90-day moving average of XRP’s realized profit-to-loss ratio has plunged to 0.38, according to data tracked by Glassnode. That means for every $1 of losses investors are realizing right now, they are taking in just 38 cents in profit. Essentially, most of the coins trading on the blockchain are underwater. The situation marks a reversal from the 2025 peak, when the ratio hit 50. At that time, profit-takers were overwhelming loss-sellers by a staggering 50-to-1. XRP's realized profit-to-loss ratio. (Glassnode) A ratio this far below 1 is widely viewed as a hallmark of capitulation, a market phase where exhausted holders finally throw in the towel and sell, often after bearing the prolonged pain of holding coins in loss. It reflects intense fear or forced selling in the market. While capitulation doesn’t always mark the exact bottom, it frequently appears near exhaustion points in downtrends. For XRP traders, this could mean that the bear market is in its final stages. The payments-focused cryptocurrency traded at around $1.11 at press time, down nearly 40% for the year, according to CoinDesk data. Prices peaked above $3.60 last July. XRP News More For You SpaceX's pre-IPO market on Hyperliquid has fallen 27% in three weeks By Shaurya Malwa | Edited by Omkar Godbole 1 hour ago The SPCX perpetual still trades above SpaceX’s $135 offer price, but it has fallen sharply from its May highs as traders mark down the first-day premium. What to know : A 5x-leveraged perpetual contract on Hyperliquid, trading under the ticker SPCX, has become the main venue for price discovery ahead of the SpaceX IPO and has fallen about 27% from its mid-May launch. Despite the slide, SPCX still trades above SpaceX’s fixed $135 IPO price, implying an expected first-day premium... Read full story Latest Crypto News SpaceX's pre-IPO market on Hyperliquid has fallen 27% in three weeks 1 hour ago Live updates: What next for bitcoin as it faces headwinds from Fed rates to Claude's Mythos 2 hours ago XRP drops 4.5% as heavy selling breaks another support level 3 hours ago Bitcoin and gold fall together as a rate-hike bet hits every hedge 3 hours ago Bitcoin ETFs are no bigger today than when Trump won the election 3 hours ago Crypto tax bills a work-in-progress as U.S. House lawmakers pose concerns 11 hours ago Top Stories Come back after the summer, says one analyst on crypto markets 17 hours ago Bitcoin inflows slow sharply in 2026 as investors chase AI, Bernstein says 19 hours ago A16z, Paradigm lead $175 million bet to move global credit markets onchain 18 hours ago Humanity's $36 million exploit tied to compromised laptop hosting a 'multisig' wallet 20 hours ago Ethena lands Janus Henderson backing as asset manager invests in ENA, eyes USDe distribution 17 hours ago