XRP panic selling spreads after key on-chain metric

XRP has flashed a major sell signal after its Spent Output Profit Ratio (SOPR) dropped below 1, indicating that investors are increasingly selling the asset at a loss. XRP’s SOPR, an on-chain metric used to show whether tokens moved on the blockchain are realizing profits or losses, has dropped to 0.96 as of press time, according to on-chain data fetched by Finbold from Glassnode, a crypto analytics platform. Essentially, the drop below 1 of XRP’s SOPR shows holders have been realizing losses in the past four weeks source: https://finbold.com/xrp-panic-selling-spreads-after-key-on-chain-metric/