XRP Price Sees 24% Monthly Drop, Glassnode Says Holders Near Capitulation

As the XRP price continues to drop for months, investors are increasingly facing losses on their positions. The latest Glassnode data reveals a surge in XRP capitulation as investors are now exiting their positions at a loss.

Notably, this trend comes as the XRP price continues to witness significant losses. Since the October 11 crypto market crash, the Ripple token has been under pressure. The token is now trading at a level significantly lower than its 2025 highs.

XRP capitulation surges, profit-to-loss ratio falls below 1

Digital asset market intelligence platform Glassnode revealed a notable trend among XRP holders. As the XRP price is currently trading in the negative zone, showing no signs of recovery for months, investors are closing their positions at a loss. Thus, Glassnode has identified a significant spike in XRP capitulation, where traders are increasingly exiting their positions at a loss.

As noted by Glassnode, XRP’s 90-day average realized profit-to-loss ratio has plunged to 0.38. This means that XRP investors are realizing more losses than profits. In simple terms, for every $1 in losses reported, only $0.38 in profits is being realized.

The platform identifies this trend as a sign of XRP capitulation. If the profit-to-loss ratio goes below, it could often signal market capitulation. This means that investors who feel frustrated about the sustained XRP price crash give up and sell their tokens at a loss. Glassnode noted,

The intelligence platform also highlighted a stark contrast in the market conditions in 2025. In 2025, when the XRP price stood at its record highs, the profit-loss ratio peaked at 50. During that time, investors were taking profits as the Ripple token’s value continued to remain high.  

Network activity sees sharp decline

In addition to XRP capitulation, Glassnode has also highlighted signs of weakening network activity. The platform shared a separate X post, revealing that the 90-day average of total transaction fees paid on the XRP Ledger has seen a notable decline. It reportedly dropped from around 5,900 XRP in February 2025 to just 500 tokens now.

Source: Glassnode

This represents a massive fall of above 91%, as noted by Glassnode. Since the market peak, the network activity has decreased considerably. The post added,

What Does the Glassnode Data Mean for the XRP Price?

The latest data shared by Glassnode, including XRP capitulation and network activity, signals an overall bearish picture for the Ripple token price. As the network activity has dropped and traders are selling at a loss, the market sentiment is under pressure.

The XRP price has been caught within the red zone over the past few months, failing to break critical levels. As of now, the altcoin is trading at $1.10, down by 4% in a day. It has also witnessed notable drops of 11% and 24% in a week and a month, respectively. The current XRP price is nearly 70% down from its all-time high of $3.55. This massive drop has pushed the activity down and XRP capitulation up.

But these data don’t necessarily mean that the XRP price has reached its bottom. The token remains in a defensive phase, where investors hesitate to take risks. If it manages to hold critical support levels, the XRP price could provide a bullish outlook.