XRP Nears $1 Breach as Realized Profit-Loss Ratio Hits Lowest Since August 2022
Summary
- XRP was trading about 3% lower than a day earlier as it threatened the psychologically important $1 support level.
- With technical indicators such as moving averages and the RSI pointing to weakness, the 90-day moving average of the on-chain Realized Profit/Loss Ratio fell to 0.33, its lowest since August 2022.
- The market views the $1 support level as the key price point for XRP's short-term direction, with a break raising the risk of further losses and a successful defense opening the way for a rebound toward $1.10 to $1.12, CoinDoo said.
Forecast Trend Report by Period
XRP is threatening the psychologically important $1 support level as its on-chain realized profit-loss ratio falls to the lowest level since August 2022, adding to signs that investor capitulation is deepening.
CoinDoo reported on June 25 that XRP fell as low as $1.0116 intraday, its weakest level since a sharp selloff five days earlier. It later rebounded modestly to around $1.04, but was still trading about 3% lower than a day earlier.
Technical indicators also point to continued weakness. The 50-day moving average stands at $1.2675, the 100-day at $1.3265 and the 200-day at $1.5240, all well above the current price. The relative strength index, or RSI, fell to 30.74, nearing oversold territory.
Buying interest did emerge at the intraday low. CoinDoo said the rebound was accompanied by the largest green volume bar on the recent chart, suggesting selling pressure may be easing somewhat, though not enough to signal a trend reversal.
On-chain data show a sharper deterioration in market sentiment. According to Glassnode, the 90-day moving average of XRP's Realized Profit/Loss Ratio fell to 0.33, the lowest since August 2022.
The Realized Profit/Loss Ratio measures the balance between profits and losses realized on-chain. A reading below 1 means more transactions are being closed at a loss than at a profit. The current 0.33 reading indicates realized losses have been running at about three times realized gains on a 90-day average basis.
CoinDoo said the latest figure points not to a one-day panic selloff, but to a structural shift in which more investors have been leaving the market at a loss over several months. It added that the metric fell to similar levels near the 2022 bear-market bottom, though the indicator alone is not enough to confirm a floor.
Market participants are watching the $1 level as the key marker for XRP's near-term direction. A break below $1 could deepen losses, while a successful defense could support a short-term rebound toward $1.10 to $1.12, CoinDoo said. For now, the data point to intensifying capitulation rather than the formation of a bottom.
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