- XRP has fallen 63% from its $3.66 peak and now trades near $1.35.
- Over 60% of XRP’s circulating supply is currently held at a loss.
- ETF outflows and weak sentiment continue to pressure the market.
XRP has taken a heavy hit since its peak last year, and the numbers are starting to look uncomfortable for many investors. The token is currently trading around $1.35, which is a steep drop from its multi-year high of $3.66 reached back in July 2025. That’s roughly a 63% decline, a reminder — maybe a harsh one — of how quickly momentum can shift in crypto markets.
Because of that slide, a large portion of XRP holders are now sitting on unrealized losses. Data from Glassnode suggests that about 36.8 billion XRP tokens are currently being held below their acquisition price. When you convert that into dollar terms, it represents roughly $50.8 billion in unrealized losses spread across the network. That figure alone highlights how widespread the downturn has been.
Over 60% of XRP Supply Now Underwater
The scale of those losses is significant. According to the data, more than 60% of XRP’s circulating supply is now technically “underwater,” meaning the current price sits below the average purchase cost for those tokens.
Situations like this often weigh on market sentiment. When a majority of holders are in the red, traders sometimes hesitate to buy aggressively because many investors may be waiting for a chance to exit positions closer to break-even. It creates a sort of psychological ceiling over the market… at least for a while.
At the same time, XRP’s current price also sits roughly 28% below its yearly opening level of $1.87. That steady drift downward has gradually pushed more supply into loss territory as the months passed.
ETF Outflows Add Pressure to Market Sentiment
Market sentiment hasn’t been helped by capital leaving XRP investment products either. Data from SoSoValue shows several days of outflows from spot XRP ETFs, totaling about $22.8 million. On one day alone, roughly $16.2 million exited those funds.
Looking at the broader picture, global crypto investment products tied to XRP also experienced more than $30 million in net outflows during the week ending March 6. When institutional money starts moving out of these vehicles, it tends to reinforce bearish sentiment among traders.
That doesn’t necessarily mean long-term interest has disappeared. But in the short term, the capital flows clearly show investors becoming more cautious.
Key Price Levels Traders Are Watching
Technically speaking, XRP is now hovering around a fairly sensitive price zone. The $1.40 area has started acting as a near-term resistance level, while the region around $1.30 appears to be the next important support.
If buyers manage to defend the $1.30 range, the market could stabilize and attempt a modest rebound. But if that level breaks, analysts say the next downside checkpoints could appear near $1.27 and possibly the $1.13 exponential moving average.
Right now, the mood around XRP still feels cautious. Many holders remain deep in the red, which keeps sentiment subdued. And yet, there are signs that larger investors — the so-called whales — have started accumulating during the dip.
That doesn’t guarantee a turnaround, of course. But it does suggest some market participants see the current price as an opportunity rather than a warning sign.
