XRP capitulation pressure highest since August 2022

With the price of XRP falling to $1.04, a growing proportion of investors are selling at a loss, according to an analysis by Glassnode. The on-chain analytics firm noted on X that the 90-day moving average profit/loss ratio has dropped to 0.33, its lowest level since August 2022. Glassnode stated that this trend indicates intensifying capitulation, or pressure from investors selling at a loss.