XRP losses force late buyers out, turning bounces into sell zones

XRP losses are forcing late buyers out of the market, with Glassnode data showing an estimated realized-loss range of about $20M–$110M per day as XRP has fallen ~55% over six months to around $1.30. The key shift is “distribution into weakness”: selling pressure is coming from investors cutting risk on weakness, not from earlier profit-taking. This creates a fragile structure for XRP price action. Earlier holders (not fully underwater) can still trim into strength, while recently bought, loss-making positions are pressured to exit—so each bounce can trigger new sell orders. Santiment also shows a 41% average decline in XRP Ledger wallet positions over the past year, the weakest mean-to-realized value reading since the FTX period. Trading-market signals are mixed. CryptoQuant reports spot cumulative volume delta on Binance is up to about $520.2M (cash demand still present), but perpetual cumulative volume delta remains negative (~-$261M), suggesting leveraged traders have not confirmed a sustained turn. Meanwhile, whale behavior is easing: daily whale inflows into Binance are down to ~12.6M XRP and 30-day cumulative flow is ~1.44B XRP (down from ~2.6B in March). Ripple’s broader progress (SEC settlement and product expansion) helps the long-term narrative, but XRP is still being priced as a stressed asset. Separately, XRP ETFs reportedly flipped to their first monthly net outflow of over $31M in March. For traders, XRP losses imply elevated risk around rebounds until futures positioning and demand broaden into a cleaner reversal.