XRP Sees Largest Spike in Realized Losses Since 2022

The cryptocurrency market has seen significant fluctuations in recent times, with XRP being one of the most affected. According to on-chain analytics firm Santiment, XRP has experienced a massive surge in realized losses, reaching $1.93 billion this week.

This is the largest spike in such losses since late 2022 and has raised concerns among investors. Realized losses occur when investors sell their coins at a price below their original purchase price, indicating market fear or frustration.

However, some analysts remain optimistic about XRP's long-term potential. With institutional developments underway, including the launch of a ¥10 billion on-chain bond issuance by Japan's SBI Holdings and the introduction of EUR CoinVertible on the XRP Ledger by Société Générale, many believe that XRP could benefit from increased use in payments or asset settlements.