XRP is currently under pressure... I looked at the Glassnode data and the SOPR has dropped from 1.16 to 0.96. That means quite specifically: people are selling at a loss. When the SOPR is below 1, it means the selling price is below the entry price. Especially at $1.42, you can see the nervousness. It reminds me of the period between September 2021 and May 2022 — such a prolonged consolidation phase where nothing really moves forward. The SOPR indicator shows me that not only is the price falling, but holders are also losing patience. It could go on like this for a while.

XRP-2,74%
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