XRP NUPL Surges to 8-Month High as Price Rebound Enters Hope-Fear Phase

The XRP price rebound has pushed the market into the hope-fear phase, as indicated by its Net Unrealized Profit/Loss (NUPL) metric reaching an eight-month high of 0.1278.

This is a significant development, as it shows that XRP holders are now in profit and are starting to feel more optimistic about the market's prospects.

According to data from Glassnode, XRP's NUPL has been steadily improving since July 2026, when it posted a 2.16% gain. This was followed by an even stronger 30% rise in August 2026 and another 11% gain in September 2026.

The Ichimoku Cloud also confirms the improving on-chain picture, as XRP has broken above the Kumo and is currently trading above Senkou Span A at $1.5444.