Yes

>>Analyzing Extreme XRP Activity and Capitulation Levels: Implications for Ripple

Analyzing Extreme XRP Activity and Capitulation Levels: Implications for Ripple

crypthub

6/10/2026, 4:11:16 AM

Declining Holder Profitability

Glassnode reported a significant weakening of key XRP network metrics, signaling mounting pressure on holders. The realized profit-and-loss ratio has dropped sharply to 0.38, indicating that market participants are realizing only 38 cents in profits for every dollar of loss recorded. This ratio remains far below the 1.0 breakeven level, suggesting loss-taking strongly outweighs profit-taking. Such low profitability levels are commonly associated with deep stress and market capitulation periods.

Reduction in Network Activity

Broader network activity is also showing pronounced signs of weakness across the XRP Ledger. Total transaction fees have dropped drastically, plummeting by over 91% from February 2025 to recent figures. This decline suggests that transaction demand is currently operating well below previous cycle highs. The reduced activity reinforces concerns regarding the overall health of the ecosystem.

Signs of Market Stress

The combination of low profitability and decreased transaction volumes points to continued stress across the XRP community. Data shows that a large segment of the circulating supply remains held at a loss despite the token's trading price. These metrics collectively suggest that a significant portion of holders are currently under considerable selling pressure.