XRP NUPL Hits Capitulation Levels Similar to Past Market Bottoms

The XRP Net Unrealized Profit/Loss (NUPL) metric has plummeted to -0.3391, marking one of its weakest readings in recent years. This puts XRP deep within the capitulation zone, a level that has appeared near major market bottoms in previous cycles.

In the past, deeply negative NUPL levels have indicated that many investors who bought at higher prices were beginning to lose confidence. As fear grows, weaker holders often sell, while long-term investors continue to hold.

XRP's Market Value to Realized Value (MVRV) ratio currently stands at 0.7468, meaning the market values XRP about 25.3% below the average price that on-chain holders paid for their coins.