XRP’s Spent Output Profit Ratio (SOPR) has declined from 1.16 to 0.96, indicating that aggregate holders are now underwater on their positions. The metric falling below 1.0 means the average holder cost basis exceeds the current price, potentially triggering selling pressure. The pattern mirrors a similar consolidation period from September 2021 to May 2022, according to data from Glassnode. XRP currently trades at $1.41.
Leave a Reply