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XRP is flashing a familiar on-chain stress pattern after slipping below its aggregate holder cost basis, a move Glassnode says has historically coincided with capitulation, loss realization, and a slow grind toward stabilization rather than an immediate rebound.
In a Feb. 9 post on X, the on-chain analytics firm said XRP “lost its aggregate holder cost basis, triggering panic selling,” pointing to a sharp deterioration in spent output profitability. Glassnode flagged its Spent Output Profit Ratio…
