On-chain data reveals mounting pressure within the XRP ecosystem, with holders realizing significant losses and network activity declining sharply. Analytics from Glassnode shows the profitability ratio for XRP has fallen to a level indicating widespread loss-taking, while transaction fees have plummeted over 90% from earlier highs.
Key network metrics for XRP show a sharp deterioration, indicating weakening activity and mounting pressure on holders. Data from on-chain analytics firm Glassnode reveals both transaction demand and realized profitability have fallen significantly.
The firm’s data indicates the 90-day simple moving average of XRP’s Realized Profit-to-Loss Ratio has dropped. This metric now sits at 0.38, meaning the market is realizing only 38 cents in profit for every dollar of loss.
Such a low ratio suggests loss-taking is heavily outweighing profit-taking across the network. “The latest reading suggests a very different market environment, with loss-taking outweighing profit-taking by a wide margin,” the analytics firm noted.
Signs of weakness are also clear in broader network activity. Glassnode reported that the 90-day simple moving average of total transaction fees on the XRP Ledger has fallen by more than 91%.
The recent figures reinforce concerns highlighted by Glassnode in late 2025 regarding holder conditions. The firm previously reported that only 58.5% of the circulating supply remained in profit.
That figure marked the lowest percentage recorded since November 2024. At that earlier time, roughly 41.5% of the supply was held at a loss despite the token’s price.
