A new Glassnode report casts a bearish tone on the XRP price prediction, as data shows a large chunk of holders are still deep underwater.
According to on-chain metrics, 42% of current XRP wallets accumulated their tokens near the $3 mark, leaving many with losses of 40% or more.
Analysts warn that prolonged unrealized losses can trigger capitulation, adding pressure to an already fragile market outlook.
While the XRP price is still nearly 4 times higher than it was in November last year, many investors appear to have entered during the post-SEC rally when sentiment was peaking.
That surge, triggered by partial legal wins against the SEC, attracted a wave of buyers now sitting deep in the red.
With sentiment still near historic lows, analysts warn that this group of underwater holders could start exiting if the broader market continues to slide.
XRP Price Prediction: ETF Launches Could Trigger a Trend Reversal
XRP is approaching a potential breakdown toward the $1.50 support zone after failing to hold above recent consolidation levels.
The chart shows a descending structure forming, with any bounce likely facing resistance around $2.50 and again near the $3.60 high.
If sentiment begins to turn and support holds, XRP may recover in phases — but for now, momentum remains weak.
The upcoming launch of multiple XRP exchange-traded funds (ETFs) in the United States offers a long-term catalyst, potentially unlocking institutional demand once market conditions stabilize.
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