On-chain data shows the amount of XRP supply sitting underwater has shot up to historically high levels following the recent market downturn.
36.8 Billion Tokens Of The Asset Are Currently Being Held At A LossThe indicator works by checking the on-chain history of each coin in circulation to find what price it was last moved at. If the last transaction price was more than the current spot price for any token, then that particular coin is in a state of loss. The Total Supply in Loss adds up all tokens satisfying this condition.
As shown in the graph above, the XRP Total Supply in Loss fell to a relatively low level in 2025, but in the last quarter of the year, the metric rose. The trend change came as the cryptocurrency sector as a whole saw the start of a bearish phase.
Today, the Total Supply in Loss has a value of 36.8 billion XRP. From the chart, it’s visible that this is a relatively high level when compared to the past, with it being surpassed only once before in the current cycle.
The picture is a bit different when the indicator is denominated in USD terms.
As shown in the above chart, the USD version of the XRP Total Supply in Loss set a peak higher than any witnessed in the past few years during the latest market downturn. This suggests that the capital invested in the cryptocurrency has gone up by magnitudes as the years have passed. Currently, supply worth around $50 billion is in a state of loss on the blockchain.
XRP PriceAt the time of writing, XRP is floating around $1.35, down over 0.5% in the last 24 hours.
