XRP Losses Deepen as 36.8 Billion Tokens Hit Negative Territory Amid Capitulation Signal

Unrealized losses for XRP have surged past the $50 billion threshold, with 60% of the total supply now trading below acquisition costs. According to recent Glassnode data, the specific volume of tokens held at a loss has reached 36.8 billion XRP, intensifying the downward pressure on the digital asset. Furthermore, the SOPR indicator confirms that XRP has entered a definitive capitulation phase, following a 54% price decline over the past six months to approximately $1.34. This trend is exacerbated by broader market volatility and recent oil price shocks, which have forced a significant shift toward defensive investment strategies. Analysts warn that the massive volume of underwater tokens creates substantial overhead resistance, potentially hindering near-term recovery. Consequently, the market remains at risk of further sell-offs as investors look for opportunities to exit positions at break-even levels.