XRP Capitulation Signals Potential Bottom as Loss-Sellers Dominate

June 10, 2026 — XRP holders are selling at a loss at the highest rate in years, a classic capitulation pattern that historically precedes market bottoms, according to onchain data from Glassnode.

Immediate Details & Direct Quotes

The 90-day moving average of XRP’s realized profit-to-loss ratio has plunged to 0.38, Glassnode data shows. This means for every $1 of losses investors are currently realizing, they’re taking in just 38 cents in profit — indicating the vast majority of coins trading on the blockchain are underwater.

The metric marks a dramatic reversal from the 2025 peak, when the ratio hit 50 and profit-takers outnumbered loss-sellers by a staggering 50-to-1 margin.

A ratio this far below 1.0 is widely viewed as a hallmark of capitulation — a market phase where exhausted holders finally sell after prolonged periods of holding coins at a loss. It reflects intense fear or forced selling in the market.

While capitulation doesn’t always mark the exact bottom, it frequently appears near exhaustion points in downtrends, suggesting XRP’s bear market may be entering its final stages.

Market Context & Reaction

XRP traded at approximately $1.11 at press time, down nearly 40% for the year, according to CoinDesk data. The payments-focused cryptocurrency peaked above $3.60 last July before entering a prolonged decline.

The current price represents a significant drop from July 2025 highs above $3.60, meaning XRP has lost roughly 70% of its value from those peaks.

Trading metrics on the blockchain confirm the bearish sentiment. The realized profit-to-loss ratio’s decline below 1.0 signals that most onchain transactions now involve coins moving at a loss — a stark contrast to the profit-taking frenzy observed during the 2025 peak.

Background & Historical Context

The capitulation pattern follows a textbook bear market trajectory for XRP. After reaching substantial highs above $3.60 in July 2025, the token began a steady decline that has continued through mid-2026.

The profit-to-loss ratio’s drop from 50-to-1 in favor of profit-takers to 0.38 in favor of loss-takers represents one of the most significant sentiment shifts in XRP’s trading history, according to Glassnode’s tracked data.

This kind of extreme sentiment shift typically occurs when long-term holders who purchased near the top finally exit their positions, often at significant losses. The phenomenon is widely studied by onchain analysts as a potential indicator of market exhaustion.

What This Means

For XRP traders monitoring the market, the capitulation signal suggests the token’s bear market could be approaching a potential bottom. However, capitulation does not necessarily mean prices will reverse immediately — bottoms can form over days or weeks.

Short-term outlook: The intense selling pressure may continue as remaining underwater holders exit positions. Traders should watch for volume declines and stabilization in the profit-to-loss ratio as potential bottoming signals.

Long-term implications: Historical capitulation events across crypto markets have often preceded significant rallies, though each cycle carries unique risks. XRP’s future price action will depend on broader market conditions and any developments specific to Ripple’s ecosystem.

Investors should conduct their own research and consider that onchain metrics, while historically reliable, do not guarantee future price movements.

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