▲ XRP (XRP) / AI-generated image ©

XRP investors are confronting massive unrealized losses, fully experiencing the extreme fear gripping the cryptocurrency market. More than half of the circulating supply is currently in the red, and with falling prices coupled with a sharp decline in open interest, concerns over further downside have reached a peak.

According to cryptocurrency media outlet Finbold on March 9 (local time), on-chain data analysis by blockchain analytics platform Glassnode showed that unrealized losses among XRP holders had reached a staggering $50.8 billion as of that day. Of the total circulating supply of 61.22 billion tokens, 36.8 billion tokens purchased in the past are now recording negative returns. Out of XRP’s $82.9 billion market capitalization, only about $32 billion worth of holdings are currently in profit.

As of the European trading session, XRP was trading near $1.35, down 0.75% over the past seven days. The primary reason XRP continues to move sideways without a clear rebound despite massive unrealized losses is that liquidity inflows have dried up amid extreme market fear. In particular, the recent underwhelming performance of the first XRP spot exchange-traded fund (ETF) has significantly dampened mid-term bullish expectations.

The contraction of the derivatives market is also freezing buying sentiment. According to data from blockchain analytics platform CoinGlass, open interest—a key indicator measuring the size of the derivatives and futures market—peaked at around $10 billion in July 2025 before plunging to approximately $2.2 billion at present. Meanwhile, CoinMarketCap’s Crypto Fear and Greed Index has fallen to 19, indicating extreme fear prevailing across the broader market.

Despite these grim indicators, some cryptocurrency trading experts are offering cautiously optimistic views that the bottom may not be far off. Trader Steph (Steph_iscrypto), through weekly chart analysis, suggested that XRP is currently retesting a major resistance level from 2021 as new support. In contrast, another trader, ChartNerd (ChartNerdTA), warned that if XRP fails to stage a decisive rebound from its current support, it could face a devastating crash toward $0.70, urging investors to exercise caution.

Disclaimer: This article is for investment reference purposes only and the publisher is not responsible for any investment losses incurred based on it. The information provided should be interpreted for informational purposes only.

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