Here’s Why The XRP Price Has Been In A Consistent Downtrend Since 2025
On-chain information from Glassnode has unveiled the explanation why the XRP worth has been in a persistent downtrend since 2025. Notably, the XRP worth crashed from its high above $3 last year and has been falling ever since. While many within the crypto area believed XRP may ultimately reclaim the $3 degree, the cryptocurrency has continued to struggle, shedding extra positive aspects every month amid broader market weak point and a shift in sentiment.
Why The XRP Price Has Been Declining Since 2025
Glassnode has attributed XRP’s prolonged price correction since 2025 to a shift in investor conduct pushed by weakening on-chain profitability and rising losses amongst holders. According to the information, XRP fell under the combination holder price foundation, which represents the typical worth at which present buyers acquired their tokens.
When a cryptocurrency trades under this degree, a big portion of holders are technically underwater, which means they’re holding at a loss. This situation usually results in panic selling as buyers try to restrict additional losses, rising promoting strain on the asset and reinforcing the value downtrend.
A key indicator supporting this view is the Spent Output Profit Ratio (SOPR), measured utilizing a seven-day Exponential Moving Average (EMA). The SOPR tracks whether or not cash being moved or offered on the blockchain are being completed so at a revenue or a loss. Glassnode’s chart shows that XRP’s SOPR declined from about 1.6 in July 2025 to round 0.96 not too long ago.
Notably, a price above 1 signifies that holders are promoting at a revenue, whereas a price under that alerts that cash are being offered at a loss. This sustained transfer under the impartial degree suggests that the majority selling activity in XRP is now occurring at a loss moderately than in profit-taking situations.
As a consequence, on-chain profitability for XRP holders has turned unfavourable. Such an surroundings often weakens buyers’ confidence in a cryptocurrency and reduces the motivation to carry it, particularly amongst short-term merchants. Negative profitability may discourage new capital inflows, as potential consumers see restricted indicators of restoration or momentum, additional contributing to cost decline or stagnation.
XRP Structure Mirrors Bearish 2022 Setup
Interestingly, Glassnode famous that XRP’s current market structure intently resembles a interval between September 2021 and May 2022. During that earlier part, XRP’s SOPR additionally fell under 1 and remained there for a very long time.
The interval was additionally marked by extended consolidation and low volatility following sharp declines, earlier than the market ultimately stabilized. This comparability means that XRP could also be experiencing the same structural part by which losses dominate buying and selling exercise and restoration is delayed till promoting strain eases and sentiment moves back to positive territory.
As of writing, the XRP worth has declined even additional, now buying and selling beneath $1.4. CoinMarketCap information exhibits that the cryptocurrency has plummeted by greater than 4.3% over the previous 24 hours and by properly over 46% 12 months thus far.
