XRP SOPR slid from 1.16 (July 25, 2025) to 0.96 as price retested $2

On July 25, 2025, XRP's SOPR was 1.16; it is now 0.96, indicating negative on‑chain profitability, according to Glassnode. Since August 2025, the token's price has trended lower, with long‑term holders increasing daily spending by 580% from $38 million to $260 million and the price briefly dropping below $2 in mid‑November.