MarketPR
Glassnode's latest on-chain data shows $XRP holders are realizing just 38 cents in profit for every dollar of losses recorded on the network, while total transaction fees on the XRP Ledger have plunged more than 91% since February 2025.
The analytics firm's metrics point to a market environment dominated by loss-taking rather than the profit distribution that characterizes bull-market phases.
Combined, the two data sets suggest persistent stress across the XRP ecosystem that price levels alone do not capture.
Profitability Ratio Deep in Capitulation Territory The 90-day simple moving average of XRP's Realized Profit-to-Loss Ratio currently sits at 0.38, according to Glassnode.
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