n-Chain Alert: XRP SOPR Signals Capitulation Phase

$XRP has officially lost its aggregate holder cost basis, triggering a distribution-driven market phase. SOPR has fallen from 1.16 to 0.96, confirming that a large share of transactions are occurring at a loss.

This behavior reflects panic-driven exits and weak-hand capitulation. At current levels around $1.43, the structure mirrors historical absorption zones seen in late 2021–2022, where price spent extended time ranging before a sustainable recovery.

The market is now in a supply absorption phase. A reversal is unlikely until clear range-building and demand stabilization emerge.

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