XRP Risks $0.70 as On-Chain Data Signals Prolonged Weakness

• XRP holders face growing losses as SOPR drops below one, signaling capitulation risk.
• Price nears key Fibonacci and 50-month EMA zones, hinting at potential reversal.
• Macro trends, including Bitcoin moves, could push XRP toward $0.70 if weakness persists.

XRP has entered a fragile phase as on-chain data points to rising stress among holders. Market metrics show mounting losses, weakening confidence, and growing sensitivity to broader crypto conditions. 

Besides price declines, blockchain indicators suggest a deeper reset is underway. Consequently, analysts now debate whether XRP stands near a macro bottom or faces more downside before stability returns.

On-Chain Data Signals Holder Capitulation

Data from Glassnode shows XRP lost its aggregate holder cost basis. This breakdown pushed many holders into loss territory. Significantly, the SOPR seven-day EMA dropp…

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