XRP Records Biggest Weekly Losses Since 2022

XRP has just triggered a signal that the market had not seen since 2022. Within a week, the token dropped by about 4 % while on-chain data revealed nearly $1.93 billion in realized losses, an unprecedented level in nearly four years. This shock reflects a wave of massive selling. Is this a capitulation signaling a bottom, or a new warning in an ever unstable macroeconomic environment?

$1.93 Billion in Losses : An Unprecedented Wave of Capitulation Since 2022

While Goldman Sachs bets on crypto, XRP has just recorded “its largest weekly spike in realized losses since 2022.” On-chain data reveals a wave of massive selling materialized by :

• $1.93 billion in realized losses in just one week ;
• Sales executed below the initial purchase price ;
• The largest spike in losses recorded in about 39 months ;
• A similar previous episode followed by a 114 % rally over eight months.

These correspond to actual realized losses, not just unrealized paper losses. In other words, these are irreversible market exit decisions.

For such losses to reach billions of dollars, both aggressive selling pressure and buyers willing to absorb the supply at lower levels are necessary. Major capitulation episodes often coincide with a return of liquidity at lower price levels.

Historically, these capitulation phases mark a redistribution of tokens: short-term holders give up their positions in favor of more patient investors, who are likely to establish a more stable price base.

A Strong Signal, but a More Complex Macroeconomic Context

While the scale of losses on Ripple’s crypto increases the likelihood of sellers running out of steam, the current context is significantly different from that of 2022. The environment includes “macroeconomic uncertainties, shifts in regulatory discourse, and persistently high volatility in major cryptocurrencies.”

Moreover, in previous cycles, sustainable recoveries were not built on a single capitulation peak but on a progressive stabilization of spot demand and a continuous decline in selling pressure. A spike in realized losses raises the probability of sellers exhausting, but it does not remove macroeconomic uncertainties.

If realized losses remain high or start rising again quickly, it would indicate that the distribution phase is not over.

The spike in realized losses marks a turning point for the market. While history shows that these capitulation phases can precede rebounds, nothing guarantees an immediate turnaround. The evolution of the macroeconomic context and spot demand will remain crucial for the XRP price in the coming weeks.