The chart accompanying the analysis places this decline within a broader historical framework. Glassnode explained:
“This setup closely resembles the Sep 2021–May 2022 phase, where SOPR plunged to a
FAQ ⏰ Why is XRP SOPR below 1 important right now? It shows XRP holders are selling at a loss, confirming widespread loss realization. What did Glassnode say about XRP holder behavior? Glassnode reported panic selling after XRP lost its aggregate holder cost basis. How does the current XRP SOPR compare historically? It mirrors the Sep 2021–May 2022 period marked by prolonged consolidation. Can sub-1 SOPR signal anything beyond weakness? Historically, it has also aligned with supply exhaustion and eventual stabilization.
