Bull Market

Resistance

Bubble

<div class="light-yellow-block">
 <h2 id="strong-key-takeaways-strong"><strong>Key Takeaways</strong></h2>
 <ul>
  <li><strong>XRP fell to $1.0405, with today’s low of $1.0116 the weakest since June 5.</strong></li>
  <li><strong>All three moving averages are declining and stacked well above price.</strong></li>
  <li><strong>Glassnode’s 90-day Realized P/L ratio hit 0.33, its lowest since August 2022.</strong></li>
  <li><strong>The reading signals a deepening capitulation, not a confirmed bottom.</strong></li>
 </ul>
</div>
<p>The price is pressing toward the psychologically important $1.00 line, and the on-chain data underneath suggests the selling is structural rather than a brief flush.</p>
<h2 id="the-technical-snapshot">The Technical Snapshot</h2>
<p>The daily chart&nbsp;is firmly bearish. All three moving averages are declining and stacked well above price, the 50-day at $1.2675, the 100-day at $1.3265, and the 200-day at $1.5240, leaving no nearby support from any of them. RSI at 30.74 sits right at the edge of oversold territory.</p>
<p><img src="https://coindoo.com/wp-content/uploads/2026/06/IMAGE-2026-06-26-005101.jpg" alt="xrp price chart, showing price in past weeks, 50,100,200 SMA, date- 26.06.2026" width="1280" height="902"></p>
<p>In plain terms, an <a rel="noopener noreferrer nofollow">RSI</a> near 30 means the recent selling has been intense enough that the asset may be due for a pause or a small bounce as sellers run out of steam, though oversold alone doesn’t guarantee a reversal. One sign of life: volume at 3.86M is the highest green bar on the visible chart, which suggests the bounce off today’s low had some real participation behind it.</p>
<div>
 <table>
  <thead>
   <tr>
    <th>Level</th>
    <th>Zone</th>
    <th>Significance</th>
   </tr>
  </thead>
  <tbody>
   <tr>
    <td>Resistance</td>
    <td>$1.10-$1.12</td>
    <td>Last week’s consolidation zone before the breakdown</td>
   </tr>
   <tr>
    <td>Resistance</td>
    <td>$1.20 / $1.27</td>
    <td>Higher levels; $1.27 aligns with the 50-day average</td>
   </tr>
   <tr>
    <td>Support</td>
    <td>$1.01-$1.03</td>
    <td>Today’s low zone, currently being tested</td>
   </tr>
   <tr>
    <td>Support</td>
    <td>$1.00</td>
    <td>Psychological floor; little structural support below it</td>
   </tr>
  </tbody>
 </table>
</div>
<h2 id="the-on-chain-reality">The On-Chain Reality</h2>
<p>The chart shows the price; <a href="https://x.com/glassnode/status/2070203525800546339" rel="noopener noreferrer nofollow">Glassnode’s data</a> shows the behavior, and it’s the more sobering of the two. The Realized Profit/Loss Ratio’s 90-day moving average has dropped to 0.33, the lowest reading since August 2022. That ratio measures how much profit is being realized on-chain versus loss. When it’s below 1, losses dominate, and at 0.33, losses are overwhelming profits by roughly three to one on a smoothed 90-day basis.</p>
<p><img src="https://coindoo.com/wp-content/uploads/2026/06/IMAGE-2026-06-26-005100.jpg" alt="Glassnodes XRP realized profit//loss chart 26.06.2026" width="1200" height="675"></p>
<p>The smoothing is what makes it meaningful. This isn’t a one-day spike in panic selling, it’s a sustained structural shift, with a growing share of XRP holders exiting underwater over months, not days. The historical context sharpens the point: the last time this ratio was this depressed was the 2022 bear-market bottom zone. That cuts both ways, though. It’s not a buy signal on its own, because the ratio can stay depressed for long stretches, but it does suggest the capitulation phase is deepening rather than just beginning.</p>
<h2 id="the-macro-backdrop">The Macro Backdrop</h2>
<p>None of this is happening in isolation. Crypto markets are currently tethered to broader economic signals, particularly expectations around Federal Reserve interest-rate policy, which shape whether investors are in a risk-on or risk-off mood and Strait of Hormuz <a href="https://www.bbc.com/news/articles/cjwg9np904qo" rel="noopener noreferrer nofollow">most recent escalation</a>. In the current risk-off environment, speculative assets like XRP tend to be sold among the first and hardest, which is part of why the on-chain selling has been so persistent. Until that macro backdrop shifts, relief rallies in assets like XRP have tended to be sold into rather than sustained.</p>
<div class="read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light">
 <h5 class="text-uppercase border-bottom mb-3 pb-1 d-none d-md-block">READ MORE:</h5><a href="https://coindoo.com/why-ai-bubble-burst-could-fuel-crypto-bull-market/" rel="noopener noreferrer nofollow">
  <div class="contentRight col-4"><span><img src="https://coindoo.com/wp-content/uploads/2026/06/ai-hand-chart-going-up.jpg"></span>
  </div>
  <div class="contentLeft col-8">
   <h4 class="title mb-0">Why an AI Bubble Burst Could Fuel the Crypto Bull Market</h4>
  </div></a>
</div>
<h2 id="what-it-means-for-holders">What It Means for Holders</h2>
<p>For anyone holding through this, the honest framing matters. Capitulation phases like this one are painful, and historically they have often coincided with the later stages of a market reset, the kind of washout that has preceded past recoveries. But “often coincided with” is not “marks the bottom.” The same on-chain data that shows deep capitulation also shows it can persist for extended periods, so this is a description of where the market is, not a forecast of when it turns.</p>
<p>The level everyone is watching is $1 – level which hasn’t been seen since October 10, 2026 flash crash. A clean breakdown below it, with no structural support visible until sub-$1 territory, could open the door to further downside and continued consolidation. Holding that line, especially with the elevated bounce volume seen today, could instead invite a relief attempt toward the $1.10 to $1.12 resistance. Which way it resolves is the question the next sessions will answer, and the data, for now, describes a deepening washout rather than a confirmed floor.</p>
<div class="light-yellow-block"><strong>This article is for informational purposes only and does not constitute financial advice. Consult a professional before making investment decisions.</strong>
</div>
<p>The post <a href="https://coindoo.com/xrp-nears-1-as-on-chain-losses-hit-a-2022-era-low/" rel="noopener noreferrer nofollow">XRP Nears $1 as On-Chain Losses Hit a 2022-Era Low</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

XRP Nears $1 as On-Chain Losses Hit a 2022-Era Low

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