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The breakeven ratio of XRP has dropped to the 90 day moving average of 0.38, meaning that for every $1 loss realized in the market, only $0.38 of profit is realized. At its peak in 2025, the ratio reached 50, indicating that the current market dynamics have completely reversed. A ratio below 1 indicates that most participants are moving tokens in a loss making state, reflecting a strong surrender phase in the market. (glassnode)
