XRP Enters Critical Phase as Holder Profitability Turns Negative
Market sentiment around $XRP is entering a delicate phase as new on-chain data from Glassnode shows the asset slipping below its aggregate holder cost basis. The Spent Output Profit Ratio (SOPR) has fallen from $1.16 to $0.96, signaling that many holders are now selling at a loss a classic sign that short-term sentiment is turning cautious.
Interestingly, this setup closely resembles the consolidation period between September 2021 and May 2022, when the market moved through months of volatility before eventually stabilizing. Moments like this often test conviction, shaking out weaker hands while patient participants quietly reposition.
While XRP navigates this uncertain moment, the broader crypto space continues to move forward. Initiatives like the $OPN Listing Carnival on BingX are giving traders new opportunities to engage with emerging assets and earn rewards, showing that even during market pressure, innovation and participation never really slow down.
Is this panic-driven phase the beginning of deeper pressure, or the calm before the next wave of accumulation?
こうした静かな段階で積極的に取り組むトレーダーにとって、BingXのようなプラットフォームは価格の動きを追わずとも参加できる余地を提供する。継続的な取り組みとして、Perp Dex Special Wheel Carnivalはこの考え方と一致しており、広範な市場が表面下で蓄積している間も、関与し続ける手段を提供している。