On-chain data reveals that XRP investors are facing significant financial strain. Approximately 36.8 billion XRP tokens are now held at a loss, resulting in total unrealized losses exceeding $50.8 billion. This shift follows a dramatic price decline from the token’s 2025 all-time high above $3 to its current trading level around $1.34.
The latest on-chain data shows that XRP holders face challenging conditions. The network now has most of its users in a state of loss following the token’s severe decline from its peak value in 2025.
Glassnode reports that approximately 36.8 billion tokens are currently held at a loss. The ecosystem shows total unrealized losses of $50.8 billion, which represent the difference between investor acquisition costs and current market prices.
An unrealized loss does not mean investors have sold. The asset has lost value because its current market worth is less than what investors paid for it.
XRP experienced a dramatic run throughout 2025. The token surged in a powerful rally that captured global attention and reached a new all-time high above $3.
The peak of the rally showed that nearly all existing tokens were generating profits. The on-chain charts displayed that the supply held at a loss had decreased to almost complete extinction.
Ripple started its decline following the peak. The price experienced a sudden decline, which resulted in a decrease to the $1–$2 price range.
The “supply in loss” metric currently measures 36.8 billion tokens, which indicates that most investors are experiencing financial distress. The current increase in available underwater supplies has reached levels typical of earlier bear market periods.
Some holders may choose to wait for a broader market recovery, hoping XRP will reclaim higher price levels. Others may decide to exit their positions in a process of capitulation selling.
The cryptocurrency XRP has demonstrated weakness through its current performance. The market experienced heavy selling activities after a short period of price recovery during January.
XRP has been unable to develop positive momentum since its February collapse. The token is currently trading at approximately $1.34, which positions it near the lower boundary of its consolidation area.
