XRP Price Decline Signals Potential Prolonged Correction

XRP has entered a stop-loss phase as its price falls below the average cost basis for holders, according to NS3.AI. Glassnode analysis reveals that the 7-day EMA of the Spent Output Profit Ratio (SOPR) for XRP has dropped below 1.0, indicating more realized losses than profits. This trend is reminiscent of the early stages of the 2021-2022 bear market, suggesting the possibility of a prolonged correction.