Data from Glassnode reveals 36.8 billion XRP coins are currently held at a loss, representing $50.8 billion in unrealized losses. The asset’s price has declined over 63% from its July 2025 all-time high of $3.65. This downturn follows a strong 2025 performance driven by regulatory clarity from the SEC lawsuit settlement, but the broader crypto market faced significant liquidations and a loss of momentum later that year.
According to Glassnode data, 36.8 billion XRP coins are currently sitting at a loss. This means that XRP holders face $50.8 billion in unrealized losses at current prices.
The asset had an incredible year in 2025, hitting a new all-time high of $3.65 in July. However, this year has been quite the opposite so far, with XRP’s price falling by more than 63% since its July 2025 peak.
XRP’s price has been on a downtrend since July 2025. XRP experienced significant gains in 2025 following the settlement of the SEC v. Ripple lawsuit, which brought substantial regulatory clarity.
The situation reversed as the crypto market lost substantial momentum towards the end of 2025. The market faced its most significant single-day liquidation in history in October 2025, leading to a big price dip.
According to CoinGecko’s XRP data, XRP’s price has fallen by nearly 8% in the last month and 42.2% since March 2025. The market dip was likely triggered by macroeconomic burdens, geopolitical tensions, and a dip in liquidity.
However, XRP’s price is expected to recover once the bear market is over. Not only did XRP see substantial regulatory clarity last year, but it also saw the launch of several spot ETFs in late 2025.
ETFs have become a key price driver for crypto assets. Bitcoin (BTC) has hit multiple all-time highs after the SEC approved 11 spot ETFs in 2024, and a similar pattern could emerge for XRP. Moreover, CNBC reporters also called XRP the “hottest crypto deal” of 2026.
