XRP Panic Selling? Key On-Chain Metric Flips Bearish to Levels Last Seen in 2022

Key Takeaways

• XRP’s Spent Output Profit Ratio (SOPR) has dropped beneath 1, signaling wide realized losses and panic selling reminiscent of 2022.

• The token precocious traded adjacent $1.44, down much than 10% amid dense liquidations.

• Analysts stay divided: immoderate forecast $5–$15 by year-end, portion Ripple’s CTO, David Schwartz, doubts XRP volition scope $50–$100 anytime soon.

XRP has been trading successful a scope for months, present down much than 60% from its all-time high.

Several on-chain indicators suggest heightened panic among holders, mirroring the bearish conditions of 2022.

One notable awesome is the surge successful speech inflows, wherever ample amounts of XRP are moved to trading platforms, often preceding selling pressure.

The Spent Output Profit Ratio (SOPR) is simply a cardinal on-chain metric utilized to gauge the profitability of cryptocurrency transactions, peculiarly for assets similar XRP.

It calculates the ratio of the realized value, the terms astatine which coins are sold oregon transferred, to the outgo basis, the terms astatine which those coins were primitively acquired. 

In essence, SOPR measures whether holders, connected average, recognize profits oregon losses erstwhile moving their tokens connected the blockchain.

When the SOPR worth exceeds 1, holders transact spent outputs astatine a profit, signaling bullish sentiment and beardown confidence.

Conversely, a worth beneath 1 indicates transactions are occurring astatine a loss, often signaling capitulation, panic selling, oregon bearish marketplace conditions.

On the XRP Ledger, which processes transactions rapidly and astatine debased cost, SOPR provides a real-time presumption of holder behavior.

According to Glassnode, XRP’s SOPR fell from 1.16 successful July 2025 to 0.96 successful aboriginal February 2026.

This displacement indicates that aggregate holder profitability has turned negative, with important realized losses documented on-chain.

Glassnode highlights “triggered panic selling,” arsenic investors offload XRP successful effect to broader marketplace pressures.

The realized price—the mean outgo ground of each XRP holdings—currently stands astatine $1.48, a level akin to April 2022, erstwhile XRP besides faced bearish headwinds.

This suggests the marketplace whitethorn participate a play of extended consolidation earlier stronger hands resume accumulation.

XRP’s terms has extended its downward trajectory from precocious 2025.

As of February 10, 2026, it trades astir $1.44, reflecting a tiny regular summation of 0.16% but masking larger losses implicit caller weeks.

Historical information shows the token fell from $1.65 connected Jan. 31 to lows of $1.29 by Feb. 5—a 16% driblet successful a azygous day—amid a 7% diminution successful Bitcoin.