I just saw XRP drop significantly, from $1.36 to $1.33 in an aggressive move.

This sell-off actually reflects something bigger—on-chain data shows last week there was a surge in realized losses of $1.93 billion, the largest since 2022.
Such a large figure means many holders have finally given up and locked in their losses.

Interestingly, the last time a large-scale capitulation like this happened about 39 months ago, XRP actually rose 114% over the next eight months.
So historically, extreme moments like this often trigger a recovery.
When weak sellers are forced out, the composition of holders changes—coins shift from panicked short-term traders to long-term buyers with stronger conviction.
That usually creates a more stable foundation.

But of course, context is important.
Back in 2022, it was after a long crash and massive deleveraging.
Now, the situation is different—there’s macro uncertainty, regulatory narratives are still shifting, and volatility remains high.
Yesterday’s capitulation might be a sign that sellers are exhausted, but macro hurdles may not be gone yet.

What to watch next week is crucial.
If realized losses stay high or spike again, it means distribution isn’t finished.
But if they stabilize and spot demand enters, then we can say this is a serious turning point.
For now, the chart shows extreme momentum—historically, this is a good setup, but execution depends on the next momentum.