XRP 's 7-day SOPR index fell from 1.16 (July 2025) to 0.96, indicating that retail investors are selling to cut their losses after the price broke through the Capital basis, while whales remain inactive.
XRP is under intense pressure as the Token breaks through its aggregate Capital range, triggering widespread panic. According to data from Glassnode, a large segment of investors are selling XRP not to take profits but to cut losses, reflecting the widespread pessimism within the holder community.
The 7-day exponential moving Medium Profit Margin (SOPR) has sharply declined from 1.16 in July 2025 to 0.96 currently. When the SOPR is greater than 1, investors are selling at a profit, but when this index falls below 1 as it is now, it indicates that XRP holder are realizing losses.
This is the first time since mid-2025 that XRP 's overall return has turned negative. According to Glassnode, the current situation bears many similarities to the period from September 2021 to May 2022, when the SOPR remained below 1 for an extended period and the market entered a prolonged sideways trend lasting for months.
Currently, XRP price is fluctuating around $1.42 while whale wallets remain largely inactive. The flow from whale wallets to exchanges remains low, indicating that large investors haven't sold yet. This is a crucial signal reflecting that current selling pressure is primarily coming from retail investors, similar to the scenario that unfolded in December 2025 and January 2026 when SOPR was low, prices continued to decline, but large wallets remained silent.
Network operations and long-term strategy
Despite price pressure, the XRP Ledger continues to record significant activity indicators. Data from Messari shows that the Medium number of transactions per day reached 1.83 million in Q4 2025, a 3.1% increase from the previous quarter; however, the number of active addresses decreased to 49,000.
While payment volume decreased by 8.1% to approximately 909,000 transactions, order creation activity surged, accounting for 42% of total transactions, indicating that users continue to trade and utilize the network despite the pressure of losses.
Ripple's long-term strategy now revolves beyond traditional DeFi indices, shaping XRPL to support the Tokenize of real-world assets, including Tokenize cash, high-quality secured assets, and real-world payment flows.
This sector is experiencing significant growth, with data from RWA.xyz showing that the total value of assets represented has reached approximately $21.41 billion, with nearly $23.87 billion already distributed. The value of Tokenize US Treasury bonds alone has now reached $10.0 billion.
Ripple aims to attract more of this volume to XRPL by integrating compliance tools directly into the network and supporting simultaneous delivery and payment mechanisms, positioning itself to be at the forefront of the next wave of Tokenize .
According to McKinsey's forecast, the Tokenize asset market could reach $2 trillion by 2030, while Boston Consulting Group and ADDX offer a more ambitious figure of up to $16.1 trillion, opening up long-term growth prospects for Ripple's strategy.
