The XRP price appears to be at a potential turning point after on-chain data documented one of the sharpest capitulations in recent years. Santiment analysis indicates XRP has just recorded its largest realized loss spike since 2022, a pattern historically preceding notable price recoveries. That data is fueling expectations that a bottom could be in, with a move back above $2 becoming more likely if history repeats.
Santiment’s weekly Network Realized Profit-Loss chart shows a dramatic spike in on-chain losses, tracking five years of XRP alongside price action. The latest readings place realized losses at roughly -908 million XRP, the largest capitulation since November 2022, when losses neared -1.93 billion. In 2022, XRP’s price had been trending downward for months before that reading, after which the price rose more than 114% over the next eight months.
From around $1.35 on the chart, a similar gain could push XRP above the $2 threshold. Historically, capitulation tends to occur near price floors, with negative readings clustering around inflection points as selling pressure fades. If the current spike mirrors the emotional extreme seen in 2022, downside pressure could be easing and a rebound may be on the horizon.
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