XRP has experienced a significant onchain realized loss, reaching $908 million this week, marking the highest level since 2022. This surge in realized losses indicates a growing bearish sentiment, with XRP's price dropping over 25% in the past 30 days. Currently trading at $1.39, XRP is at its lowest since November 2024.
Despite the negative outlook, analysts from Santiment suggest that the spike in realized losses could signal a market bottom, as it may indicate seller exhaustion. Historical data supports this view, as a similar loss spike in 2022 preceded a 114% rise in XRP's value over seven months. However, analysts caution that this does not guarantee an immediate rally.
Meanwhile, Standard Chartered Bank has revised its XRP price target from $8 to $2.80 by the end of 2026, citing expected short-term declines. Despite the downturn, Ripple continues to expand its regulatory compliance and adoption, with Deutsche Bank integrating Ripple technology into its payment infrastructure.
XRP Realized Loss Hits $908M, Highest Since 2022
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