XRP's 90-day moving average profit-to-loss ratio fell to 0.33 on June 28, its weakest reading since August 2022, as the token traded at $1.05 five days after Ripple received preliminary MiCA CASP approval from Luxembourg's CSSF.
The 0.33 figure, from Glassnode data in a June 28 CryptoSlate report, means holders are realizing roughly three units of losses for every unit of profit booked on-chain. The 7-day SOPR EMA stands at 0.96, per Glassnode via crypto.news, its first sustained reading below 1.0 since 2022. A sub-1.0 SOPR means coins moving between wallets are changing hands at a loss on average.
CoinGecko shows XRP at $1.05 on June 28, down 1.4% in 24 hours and 8.1% over seven days, on $1.08 billion in daily volume. The 52-week high was $3.65, set July 18, 2025. The token reached an intraday low of $1.02 on June 26, its weakest level since February, per the same CryptoSlate report.
CryptoQuant data in that report shows roughly $9 million in long positions liquidated when XRP tested $1.07, with about $4.5 million of those liquidations on Binance. Binance futures open interest in XRP fell to approximately $205 million, its lowest since March 22.
The 24-hour move was not isolated to XRP. Ethereum fell about 0.6% and Solana about 1.1% over the same period, per CoinGecko. XRP's single-day decline was proportionate to its peers.
The token-specific signal is the seven-day slide of 8.1% from a 52-week peak of $3.65, paired with capitulation metrics last matched in August 2022.
Ripple received a preliminary CASP license from Luxembourg's CSSF on June 23, a step toward EU-wide MiCA passporting. As of June 28, XRP is trading 71% below its 52-week high with its on-chain profit-to-loss ratio at levels last seen during the 2022 bear market.