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XRP faces no near-term rally as network activity and profits sharply decline, says Glassnode.

Market News
09 Jun 2026
UToday
View Source
Bearish
pluang ai news

Glassnode's latest data reveals that XRP is unlikely to rally soon due to a severe drop in network activity and a high level of loss-making positions among holders. The realized profit/loss ratio has fallen drastically, with 41.5% of XRP coins underwater and daily transaction fees plunging by over 90% since early 2025. This indicates a large-scale user exodus and weak organic demand, leaving XRP structurally fragile and trapped between selling pressure and lack of network support. Investors should not expect a quick price recovery under these conditions.

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