20:05 ▪
4
min read ▪ by
XRP is throwing much of its holders into the red. The latest chain data shows that a significant number of tokens have now fallen below their purchase price, bringing unrealized losses to $50.8 billion. This shift reveals the extent of the asset’s reversal and raises concerns about market strength.
In short
- The latest on-chain data shows that 36.8 billion XRP are currently held at a loss, which is estimated at $50.8 billion in unrealized losses.
- This shift marks a clear reversal after a strong rally in 2025, when XRP crossed the $1, $2 and then $3 levels.
- At the time, almost all XRP in circulation showed unrealized gains before a market pullback quickly pushed supply back into the red.
- XRP thus operates in a zone of high fragility, where selling pressure and the risk of new capitulation sales remain central concerns.
36.8 billion XRP held in loss
According to Glassnode data, the XRP market is facing a significant increase in unrealized losses as whales continue to pile up. About 36.8 billion XRP are currently held at a loss, which corresponds to “$50.8 billion in unrealized losses in the XRP ecosystem”. A massive chunk of supply has now fallen below its cost price as the market emerged from a particularly violent bull sequence.
In 2025, XRP crossed $1, then $2, before crossing $3, almost erasing the network’s unrealized loss zone. It should be noted that at that time almost all XRP in circulation showed unrealized gains. The recall that followed reversed that dynamic. The part of the supply with a loss thus started to grow again.
- About 36.8 billion XRP are currently held at a loss;
- These unrealized losses are estimated at $50.8 billion within the XRP ecosystem;
- The volume of XRP held at a loss increased significantly, reaching the current level of 36.8 billion XRP;
- At the peak of the rise in 2025 “almost all XRP in circulation were then in latent profit”demonstrating the extent of the reversal from the highs.
Market under pressure, between selling pressure and the risk of capitulation
The second reading is no longer about accounting, but becomes psychological. Currently, recent buyers were trapped after the fall. This increase in unprofitable supply is close to “Maximum Bread Zone” previously seen during past bear markets.
Glassnode estimates it in the same vein “XRP Violated the Aggregate Average Cost Base of Its Holders, Causing Liquidations”with the SOPR (7D EMA) falling from 1.16 in July 2025 to the current 0.96.
After the rebound in January, the Ripple cryptocurrency suffered strong selling pressure and broke several psychological supports with several bounces. Will these holders wait for a broader reversal or will the sell-off end under emotional restraint? 36.8 billion XRP at a loss, representing just over 60% of the circulating supply.
Under the pressure of unrealized losses, the price of XRP is entering the decisive zone. The market will now have to show whether it can absorb this downgrade without succumbing to another wave of sell-offs. At this stage, the whole problem lies in the ability of buyers to hold their positions.
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A graduate of Sciences Po Toulouse and holder of the blockchain consultant certification issued by Alyra, I joined the Cointribune adventure in 2019. Convinced of the potential of blockchain to transform many sectors of the economy, I committed myself to raising awareness and informing the general public about this ever-evolving ecosystem. My goal is to enable everyone to better understand blockchain and take advantage of the opportunities it offers. I strive every day to provide an objective analysis of current events, decipher market trends, convey the latest technological innovations, and put into perspective the economic and social issues of this ongoing revolution.
DISCLAIMER OF LIABILITY
The views, thoughts and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Before making any investment decision, do your own research.
