XRP on-chain pain has attracted new attention this week. The resulting losses reached nearly $2 billion in one week. That kind of movement catches the eye of traders because it often marks the exit of weak holders.
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Sentiment Indicates Big Losses To Be Received
According to Santiment, the spike is the biggest since 2022. Real losses occur when people sell for less than what they paid for. It is a measure of humility. In previous cycles, similar spikes occur near major lows and are followed by strong rallies.
📉 BREAKING: XRP has seen its biggest loss seen on-chain since 2022. When last week’s milestone of -1.93B in realized losses occurred 39 months ago, $XRP it reached +114% in the next 8 months.
💸 Visible loss occurs when a large amount of… pic.twitter.com/gPUU8fYfiY
– Santiment (@santimentfeed) February 21, 2026
One historical episode that traders point to saw a massive loss in a week before a 114% gain over an eight-month period. However, that result occurred in a specific set of market conditions that are not guaranteed to recur.
Where Many Small Owners Go
The recent increase in losses has attracted the attention of market participants. When investors sell at a loss, the metric rises, reflecting the scale of coins changing hands below their purchase price. Analysts often monitor this data to assess shifts in supply and demand.
Profit and loss statistics obtained are often used to track market behavior during periods of sharp price movements. While the data highlights the level of losses being locked in, price direction generally depends on broader trading activity, liquidity conditions, and overall market trends.
Price Moves And Market Tone
XRP traded near $1.45 at the time of these reports, up about 1.50% over 24 hours but down about 24% on the month. The token is moving more in line with Bitcoin during the broader market jump.
Such a temporary power would be a start. It can also be a short break within a long fix. Traders looking at charts want to see more volume and clear levels taken before calling a trend change.
Mine #XRP target price for the next three months:
March $13
April 27
May $70– CryptoBull (@CryptoBull2020) February 21, 2026
Which Makes Some Predictions Stretch the Truth
Analyst targets moving in the double and triple digits are all over the Internet. CryptoBull’s calls for $13, $27, and $70 in a month are overkill and may require new cash flows.
Market statistics show that such measures require much more demand than mere hope offers. Some analysts used the previous round’s decline to estimate a potential macro floor between $0.75 and $0.85 using a multiple of around 2.8x.
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Good Signal
Taken together, the data renewed the discussion about the rare on-chain signal that in the past came before the 114% improvement.
Santiment’s latest statistics show losses reaching levels not seen since 2022, making the metric return to the focus of traders tracking cyclical behavior.
Whether history repeats itself will depend on incoming demand, broader crypto sentiment, and continued buying pressure in the coming weeks. For now, the signal is on again, and the market is watching to see what happens next.
Featured image from Pexels, chart from TradingView
