The price of XRP has experienced a severe correction, plummeting approximately 69% from its all-time high of $3.66 reached in July 2025. As of press time, the token is trading near $1.32, down 4.7% in the past 24 hours and reflecting a broader market downturn.
On-chain data reveals a critical development: blockchain analytics firm Santiment reported on February 22 that the Ripple network has recorded its largest weekly on-chain realized loss spike since November 2022. The previous milestone of -$1.93 billion in weekly realized losses occurred 39 months ago. Historically, following that event, XRP rallied more than 100% over the subsequent eight months. Realized losses spike when a large number of investors sell their tokens below their purchase price, often indicating panic selling and fear in the market.
Market activity has intensified despite the price decline. Spot trading volume for XRP surged nearly 72% to $2.35 billion in 24 hours, while derivatives data from CoinGlass shows futures volume up 39% to $4.02 billion and open interest rising 2.9% to $2.41 billion. This suggests increased market participation and traders adding positions as the price tests a critical support level.
Technically, XRP is under significant pressure. The daily chart shows a sequence of lower highs and lower lows since a January bounce. The token trades below its 20-day moving average and has been riding the lower Bollinger Band, indicating sustained downside momentum. The key support zone to watch is between $1.30 and $1.35. A daily close below $1.30 could expose further downside towards $1.20 and the psychological $1.00 level. Immediate resistance sits near $1.55, with the mid-Bollinger Band around $1.42 acting as the first hurdle for any recovery.
