XRP bulls in ‘denial’ as price trend mirrors previous 75-90% crashes

XRP (XRP) has lost more than 40% since hitting a multi-year high near $3.40 in January, and onchain data suggests the downtrend could deepen in the weeks ahead.

“Denial” preceding past 75-90% XRP crashes is back

XRP’s Net Unrealized Profit/Loss (NUPL) data from Glassnode suggests the token may be heading for another extended downturn.

The metric, which gauges the aggregate unrealized gains or losses of XRP holders, has historically served as a reliable barometer of potential trend reversals.