XRP SOPR metric rockets to 3-month high

On March 6, the Spent Output Profit Ratio (SOPR) metric for $XRP fell below 1, indicating the cryptocurrency market sell-off led to investors dumping their tokens at a loss.

As could have been expected given the signal issued by the measurement, the token reversed the decline mere days after the fact, rallying from the March 9 low at $1.34 to its March 13 press time price of $1.43.

Simultaneously, $XRP Ledger activity led to a substantial rise for the SOPR metric, which has not only climbed above 1, but also hit its highest reading since November 2025.

Specifically, on November 27, the $XRP SOPR stood at 1.11 and, at the most recent reading on March 12, it was at 1.08.

Why $XRP SOPR at 3-month high might signal imminent crash

Elsewhere, while a metric hitting its highest value in multiple months might easily be considered bullish – especially since SOPR reveals if the cryptocurrency is above its cost-basis – the theory behind the measurement hints that the token’s next move might be a crash.

Indeed, as outlined in Renato Shirakashi’s – the creator of the indicator – 2019 article, SOPR is described as based on human psychology and the tendency of traders to try to avoid selling at a loss.

Therefore, with the $XRP SOPR standing above 1 and, therefore, above the cost basis, the majority of investors have an opportunity to sell at a profit, increasing the odds of a downward correction.

Why March $XRP rally could accelerate

Still, under the prevailing market conditions in March 2026, traders might gain sufficient confidence to accept continued long $XRP positions, thus extending the rally.

Bitcoin’s ($BTC) own recent performance – and the climb above $72,000 after a week of trading under $67,000 – can be interpreted as a sign that digital assets are making a comeback.

Considering $BTC’s traditional leadership in the space, holding above at the relatively high valuation could lead to bullish contagion.

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