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XRP Holders Selling at Loss as Price Struggles

Published by
Sohrab Khawas

XRP holders are selling at a loss as market pressure increases. Data from Glassnode shows XRP’s Spent Output Profit Ratio (SOPR) has dropped below 1.0, meaning many investors are selling for less than they paid. The token is trading around $1.41 after failing to break the $1.45 resistance level. A similar pattern was seen during XRP’s long sideways market between 2021 and 2022. Despite the weakness, some investors remain hopeful. They point to possible support from future crypto regulations and speculation about a partnership between Elon Musk’s X Money platform and Ripple-linked Cross River Bank.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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