Apparently, XRP has taken the plunge into what the astrologers of the blockchain world call “capitulation.” Glassnode, the crystal‑ball of on‑chain analytics, reports that our merchant money has shaken off its aggregate holder cost basis, a line in the past that many drafters wrote, and now it’s screaming back.
When a coin loses that fiery threshold, the market turns into a chorus of panic selling, recalling the eerie lull that settled over the timid tail of 2021‑early 2022. It’s the kind of market shiver that would bring a horse to its knees if the horse was a digital commodity.
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SOPR plunges below 1.0
The Spent Output Profit Ratio, or SOPR as the scholars name it, tells us how the coin‑holders are doing their arithmetic. Think of it as the market’s reflection in a street‑lamp: when the number is over one, most folk are cashing in with smiles; below one, they’re turning redder than a riverbank at the lick of sunset.
Glassnode’s latest number for XRP’s SOPR has slid from a lofty 1.16 a few moons past to a shy 0.96 today. The culprit? The Aggregate Holder Cost Basis tumbling out of the market’s mind, leaving traders looking like gulls chasing a dropped treasure.
Psychologically, it’s akin to a front porch on a hot day: folks who held tight after the first drop are now seeing the walls of their pockets burn as fast as a chimney fire in spring.
Echoes of 2021-2022
There’s humor in history’s parallel. From September ’21 to May ’22, XRP’s SOPR sank below the one‑point mark, perched there for months like a drunk duck eyeing a pond. If the newsfold doesn’t bring a new twist, expect the market to waddle, not dance.
Forget a V‑shaped recovery; the chart might as well be a slow slide down a hill, with the hills’ corners all melting away.
XRP’s price performance
The year began with a jaunty sprint, and early 2026 saw XRP tearing past the $2.45 oh‑yes‑we‑got‑it‑up‑there sign. Soon after, the mighty horse stalled mid‑January, and the shadows of bears crept back with like‑merry‑fool smiles.
Today, XRP has slipped down to a whispering low near $1.12, a figure that could make a flight of pigeons pause in flight.
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2026-02-09 23:26