![\"XRP](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/XRPUSD_2026-02-23_12-59-48.png?w=860&resize=860%2C594\")
<\/p>\nXRP is facing one of its most difficult stretches in years, with price action, on-chain data, and derivatives activity pointing to a market under pressure.<\/p>\n
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After weeks of steady declines, the token has now recorded its sharpest weekly downturn since 2022, triggering renewed debate among analysts over whether the sell-off marks the start of a deeper correction or the late stages of a broader market shakeout.<\/p>\n
Currently, XRP is trading near the $1.33\u2013$1.36 range, down roughly 30% over the past month and more than 60% below its July 2025 peak of $3.65. The decline mirrors weakness across the wider digital asset market, where risk appetite has remained subdued amid macroeconomic uncertainty.<\/p>\n
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One of the most closely watched developments is the surge in realized losses across the network. On-chain data<\/a> shows investors locked in nearly $1.93 billion in losses over the past week, the largest spike in about 39 months. Realized losses occur when holders sell below their purchase price, often during panic-driven sell-offs.<\/p>\n Historically, similar events have coincided with market capitulation phases, where short-term holders exit positions and tokens shift toward longer-term investors. A comparable spike in 2022 was followed by a significant recovery months later, though analysts caution that past performance does not guarantee a repeat.<\/p>\n Despite falling prices, trading activity has increased. Spot trading volume jumped above $2.3 billion in 24 hours, while futures volume and open interest also climbed, suggesting traders are actively positioning rather than leaving the market.<\/p>\nKey Levels and the \u201cShakeout\u201d Narrative<\/strong><\/h2>\n