A key psychological level has just broken for $XRP . The average price at which investors bought in their aggregate cost basis has now fallen below the current market price.

This shift has triggered a wave of panic selling, as evidenced by a sharp drop in the Spent Output Profit Ratio (SOPR) from 1.16 to 0.96. This metric falling below 1.0 indicates that coins are now being sold at a loss on average.

The current price action is starting to mirror a concerning pattern from the past: the prolonged consolidation and decline phase witnessed between September 2021 and May 2022, suggesting traders should brace for potential continued sideways or downward pressure. #WhaleDeRiskETH