XRP investors are currently holding approximately $50.8 billion in unrealised losses after the token’s sharp decline from its 2025 peak, according to blockchain analytics firm Glassnode.
The data shows around 36.8 billion XRP tokens are now held at prices above the current market value, reflecting a significant rise in unprofitable supply across the network.
Glassnode’s metrics indicate that the increase in tokens held at a loss has emerged after XRP’s rapid rally above $3 during the 2025 bull market reversed.
An unrealised loss occurs when the market price of a digital asset falls below the price at which the tokens were originally purchased by investors.
During the height of the 2025 rally nearly all XRP in circulation was held at a profit as the token surged through key psychological levels including $1, $2 and $3.
However the subsequent decline pushed prices back toward the $1 to $2 range, increasing the amount of supply held below acquisition cost and approaching levels seen during previous bear market periods.
XRP was recently trading near $1.34 and has struggled to stage a meaningful recovery since heavy selling pressure emerged earlier this year.
At the time of reporting, XRP price was $1.35.