Summary
- Glassnode said about 36.8 billion XRP—roughly 60% of the total XRP circulating supply—is in a loss zone, with unrealized losses estimated at about $50.8 billion.
- XRP is trading around $1.34, down more than 63% versus its all-time high of $3.65, and about 42% lower on a yearly basis.
- As the loss zone widens, analysts point to potential selling pressure on any rebound, while some also cite the possibility of a new expansion phase after a prolonged consolidation.
Forecast Trend Report by Period
XRP’s price has remained in a prolonged downtrend, leaving roughly 60% of the circulating supply in the red.
According to CryptoPotato, a crypto-focused media outlet, on-chain analytics firm Glassnode estimated that as of March 8 about 36.8 billion XRP were sitting in a loss zone. That represents roughly 60% of the total circulating supply, with unrealized losses in dollar terms estimated at about $50.8 billion.
The metric is based on the gap between the price when tokens last moved on-chain and the current market price—an “unrealized profit and loss” indicator. By reflecting each coin’s acquisition price, it is used to gauge investors’ average cost basis and to track shifts in market sentiment across cycles.
XRP is currently trading around $1.34, down more than 63% from its all-time high of $3.65 set in July last year. On a yearly basis, it is down about 42%.
Some analysts say the widening loss zone could translate into selling pressure if prices rebound, as investors may opt to sell around their average entry levels.
There are also signs of relatively subdued trading activity in the spot market. Data released by the on-chain analytics account Arab Chain show Binance’s 30-day volume Z-score at about -1.16, indicating that recent daily trading volume has been below average.
Market outlooks remain divided. EGRAG Crypto, an analyst active on X (formerly Twitter), said that “XRP’s cycle has repeatedly followed a structure that includes declines and extended consolidation,” and interpreted the current phase as “time-based capitulation.”
Meanwhile, some analysts view the current period as a phase of psychological recalibration through prolonged consolidation, and have also raised the possibility of a new expansion phase thereafter.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
