Santiment data indicates that XRP Ledger has recorded its largest spike in realized losses since 2022, marking a notable moment for traders and analysts tracking market sentiment.
The surge reflects a wave of investors selling their holdings at prices below their original purchase cost, a phenomenon commonly associated with fear-driven capitulation.
Historically, such events have drawn significant attention because they can signal the late stages of a downturn. The latest spike echoes a previous milestone roughly 39 months ago, when realized losses reached around negative $1.93 billion. Following that period, XRP went on to rally approximately 114% over the next eight months, offering a reference point now widely cited by market observers.
The current data does not guarantee a similar outcome, but it provides a framework for understanding how extreme selling pressure can reshape market dynamics. When large numbers of holders exit at a loss, the supply overhang often decreases, potentially creating conditions for stabilization.