XRP Plummets 11% as Holders Trapped Between Hope and Harsh Reality

XRP just took an 11% nosedive—and holders are caught in the emotional crossfire between moon-shot dreams and cold, hard charts.

Hope vs. Reality

Optimists keep betting on a comeback, pointing to past rallies and ecosystem developments. Meanwhile, the price action tells a different story—one where double-digit drops don't care about sentiment.

No Sugarcoating

The asset’s struggling to hold key levels, and traders are getting restless. You’d think a 11% haircut would trigger panic, but some are still HODLing like it’s a religion.

Wake-Up Call

Let’s be real—if hope paid bills, XRP maximalists would be driving Lambos. Instead, they’re staring at red candles and praying the next court filing turns into a catalyst. Classic crypto: where hopium often outperforms actual utility.

XRP Traders Cling to Gains Despite Losses

According to Glassnode, readings from XRP’s Net Unrealized Profit/Loss (NUPL) metric show that the market is currently in the belief–denial zone, where investors hold on to gains despite mounting losses. 

: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily crypto Newsletter here.

The NUPL metric measures the difference between unrealized profits (when holders are still in the green) and unrealized losses (when positions are underwater). 

Per the on-chain data provider, the belief–denial zone reflects a transitional phase in market sentiment. In the belief stage, investors are confident, most positions are profitable, and Optimism dominates. In the denial stage, prices begin to slip, but holders refuse to acknowledge the downturn, hoping for a rebound. 

With XRP’s NUPL in this zone and the token having dropped 11% over the past week, holders’ confidence is starting to waver. Nevertheless, many continue to cling to hope, denying the possibility of a deeper downturn.

XRP Futures Reveal Bullish Bias Despite Price Pressure

XRP’s rising long/short ratio highlights the optimism among futures market participants, who continue to bet on a price rebound despite recent losses. 

According to CoinGlass, the ratio currently sits at a 30-day high of 1.05, showing that more traders take long positions than short ones.

The long/short ratio tracks the balance between traders betting on price increases (longs) versus those betting on declines (shorts). When the ratio is above 1, it indicates that long positions dominate, signaling bullish sentiment; conversely, a ratio below 1 suggests that short positions are heavier, pointing to bearish expectations. 

XRP’s elevated ratio shows that traders remain hopeful for a rebound, even as market volatility and selling pressure continue to rise.

XRP at a Tipping Point

At press time, XRP trades at $2.887. If bullish bets climb and market sentiment gradually flips positive, the token could reach $3.222.

On the other hand, if selloffs persist and bearish pressure increases, XRP could continue its decline and fall toward $2.637.