XRP, one of the fixtures of the cryptocurrency market, is giving a great signal of surrender by dragging its investors into deep pessimism after the negative price movements that have been going on for the last six months. In-Blockchain data on the local entity of the Ripple network proves that the Spent Output Profit Ratio (SOPR), which was at 1.16 in July 2025, has decreased to 0.96 in the current period and the held assets are now disposed of at a loss. This downward wave, which started from the peak of $ 3.5 in mid-July, reveals the structural fragility in the market, especially as even experienced investors who saved before November 2024 turned to panic sales.
Loss Sales and the Break in Investor Psychology
XRP, which entered a gradual melting process starting from August 2025, lost 27% of its value by the end of October and fell to 2.4 dollars. This steady decline in prices has also radically changed the behavioral patterns of long-term investors who would normally be expected to support the market. Experienced wallet holders who acquired assets before November 2024 began to pour their coins into the market, increasing their daily spending amount from $ 38 million to $ 260 million, a massive increase of 580%. Analysts emphasize that this move is different from the rally-oriented profit realizations of the past, and that it occurs entirely in the form of a “distribution to weakness”.
By mid-November, the market situation became even more pessimistic; because the share of XRP supply in profit decreased to 58.5%, the lowest level of the last year. Although the asset’s price of $2.15 at that time was four times higher than its value of $0.53 in November 2024, it was noteworthy that more than 41% of the supply was at a loss. The dominance of the market by late investors who bought at the top created a structurally “top-heavy” situation, seriously threatening the price stability of XRP.
Overcoming Psychological Thresholds and Surrender Discussions
With the price falling below the $2 level in mid-November, the estimated market average of daily losses realized by investors reached $75 million. Every time XRP has tested $2 since the beginning of the year, investors have sold off, accepting massive losses ranging from $500 million to $1.2 billion on a weekly basis. The transformation of $2 from a psychological barrier into an escape point was recorded as the biggest factor that triggered mass sales. The fact that XRP, which was traded at $ 1.40 at the time of writing, has lost its total holding cost base confirms that a widespread panic prevails in the market.
Market experts describe this chaotic situation as a “surrender” signal rather than a “structural failure”. The basis of this view lies in the fact that regulatory clarity is much stronger today and the solidity of fundamental fundamentals, unlike similar declines in 2022. Although the current data resembles the SOPR declines between September 2021 and May 2022, it is reminded that the long consolidation process following the decline in that period provided a stabilization in prices. The key question for XRP holders now is whether these large losses signal a bottom or the beginning of a deeper decline.
