XRP Capitulation Hits New Lows as 90-Day SMA Falls to Lowest Level Since August 2022

XRP is facing intense selling pressure as on-chain data reveals a significant deterioration in investor sentiment. According to blockchain analytics firm Glassnode, XRP's 90-day Simple Moving Average (90D-SMA) has fallen to its lowest level since August 2022, indicating a growing wave of capitulation among market participants.

The update was also highlighted by Cointelegraph through its official X account, drawing renewed attention to XRP's market dynamics as investors closely monitor whether the digital asset is approaching a potential market bottom or facing additional downside pressure.

Capitulation occurs when investors abandon positions after extended periods of declining prices, often accepting significant losses rather than waiting for a potential recovery. Glassnode's data suggests that more XRP holders are now exiting their investments at a loss, indicating growing frustration among participants who purchased the asset at higher price levels.