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XRP holders recorded $50 billion in unrealized losses amid activity from large investors
Since the beginning of the year, the value of $XRP has fallen by almost 28%. This decline continued a negative trend, as the asset ended 2025 with a 11.6% decrease. The prolonged price weakness has pushed a significant portion of the market supply into the loss zone.
The current situation reflects growing tension in the ecosystem. Prices continue to decline. However, the largest capital holders are increasing their positions, despite the overall market downturn.
Half of the market supply moved into negative territory due to falling liquidity
Data from the analytics platform Glassnode shows that 36.8 billion coins were purchased at prices higher than the current level. This corresponds to unrealized losses of $50.8 billion.
In addition, CoinGecko estimates the circulating supply of the cryptocurrency at approximately 61.2 billion tokens. Accordingly, almost 60% of the total issued digital assets are currently generating losses for their holders.
Volume of XRP in loss. Source: X / Glassnode
Network metrics also indicate declining market momentum. Analyst Arab Chain noted that the 30-day Z-Score for trading volume on Binance fell to −1.16. This value confirms that trading activity has dropped below the historical average level for the reference period.
A negative index indicates weakening market momentum. The market is experiencing a temporary slowdown or a phase of participant repositioning. The structural decline of the indicator signals reduced capital inflows and a decline in short-term speculation. Investors prefer holding positions rather than trading actively.
Such periods often precede major price movements. Activity typically fades before capital rapidly returns to trading platforms.
At the same time, token liquidity on Binance has significantly decreased. Such developments could amplify price swings in either direction if large amounts of capital enter the market.
Thin order books give greater weight to large buy or sell orders. As a result, the asset becomes more vulnerable to volatility caused by large transactions.
The combination of low volumes and declining liquidity creates a challenging environment for traders. Selling coins without price slippage becomes more difficult, and the cost of moving large positions increases. These factors put particular pressure on users who are already experiencing financial losses.
Nevertheless, the group of holders with a holding period of one to three months recorded the largest increase in supply share over the past sixteen weeks. Recent buyers are extending their holding periods, expecting a market recovery or more favorable profit-taking conditions.
Institutional players accumulate positions despite the negative trend
Against the backdrop of general difficulties, the largest wallets show different behavior. Statistics from Santiment confirm that addresses holding between 1 million and 10 million XRP actively accumulated coins in March. A similar strategy is observed among holders with balances of 10 million to 100 million XRP.
Source: Santiment
The holdings of the first group increased from 3.79 billion tokens on March 5 to 3.82 billion at the time of publication. These market participants therefore purchased about 30 million coins, worth approximately $40.5 million at current prices.
At the same time, the assets of the second category increased from 10.87 billion to 11.05 billion XRP. This means they accumulated approximately 180 million tokens, worth about $243 million.
Source: BeInCrypto Markets
Such a divergence between the behavior of retail traders and large investors deserves attention. Some institutional participants view low prices as an attractive accumulation opportunity.
At the same time, the broader short-term trend remains weak.
Over the past month, the asset’s price declined by 8.5%. At the time of writing, $XRP was trading at $1.35, gaining 0.21% over the past 24 hours.
See also: "False breakout of resistance: Bitcoin risks falling to $61,000"
