Ripple’s Q3 conviction meets Q4 reality check
As mentioned earlier, Ripple and XRP momentum aren’t moving in tandem.
This showed up cleanly in Glassnode's data, which flagged another key divergence this cycle. In Q3, XRP’s push to the $3.60 peak came with a sharp spike in profit realization, hitting roughly $550 million per day.
Typically, that’s a bullish sign, with traders taking profit while keeping upside flow intact. But into Q4, profit realization spiked 240%, jumping from $65 million to $220 million/day even as XRP fell from $3.09 to $2.30.
From a psychological angle, that uptick in selling puts extra supply into the market right as a large group of HODLers sits deep underwater, with Realized Losses surging past $470 million as XRP cracked $2.50.
In conclusion, XRP’s Q4 is showing clear psychological stress.
Realized/Unrealized Losses are stacking up, profit-taking is accelerating, and Ripple’s institutional growth isn’t flowing into price. Taken together, these divergences make a $3+ rally a tough setup.
