Just checked Glassnode's latest on-chain data and the XRP situation is looking pretty grim right now. Turns out 36.8 billion XRP tokens are currently underwater, which translates to about $50 billion in unrealized losses across the network. That's hitting levels we haven't really seen in years, though the token count itself has been higher before. The difference this time is the actual dollar value attached to those losses is insane. The way this metric works is pretty straightforward - it tracks every XRP based on the last price it moved at. If that's higher than today's spot price, it counts toward the total supply in loss. Right now we're sitting at $1.42 per token, down almost 1% in the last day. Historically, these extreme pain levels tend to mark turning points in the market. Whether XRP bounces from here or dips further is the question everyone's asking. The sheer amount of capital locked in losses definitely suggests we could be approaching some kind of bottom, but timing these things is always tricky.

Just been looking at XRP's recent price action and the macro forecast hasn't really shifted despite the bounce we saw earlier this week. Yeah, it rallied to around $1.49 on Wednesday and grabbed some headlines, but technically speaking nothing structural changed. Currently sitting at $1.42, still up from that $1.11 low we hit back in February, but the real question is whether this is just noise or an actual shift in the trend. From what I'm seeing in the charts, XRP couldn't break through the key $1.65-$1.67 resistance zone even with the bounce attempt. That's the thing - without clearing that level, the broader bearish setup remains intact. The forecast for XRP really hinges on two scenarios: either it drops further toward $1.08 or $0.87 support, or it finally breaks above $1.67 and opens the door to $1.78 and potentially $2. Until one of those moves actually happens, it feels like we're just consolidating in a range. The technical setup is messy right now - lots of uncertainty. For me, watching how XRP holds around $0.87 would be critical. If we see the forecast play out bearish and it hits that level, I'd expect a strong reaction. But honestly, the XRP forecast could swing either way from here depending on which support or resistance gives first.

🚨 $XRP has recorded nearly 35 million XRP in exchange outflows in the last 24 hours.