$XRP has lost its aggregate holder cost basis, triggering distribution as SOPR flips below 1.
SOPR has dropped from 1.16 to 0.96, confirming that coins are now being sold at a loss. At the current price of $1.43, this behavior closely resembles the consolidation phase seen between September 2021 and May 2022. Where panic selling gave way to extended range building before the next directional move.
XRPUSDT
Perp
1.3549
-1.56%