XRP Structure Resembles That Of February 2022, | XRP News

Glassnode says XRP is slipping back into a cost-basis configuration final seen in February 2022, with newer patrons accumulating at ranges that go away a prior cohort “top” more and more underwater, an on-chain setup that may form sell strain round key price zones.

In a notice shared Monday by way of X, the analytics firm pointed to a rotation in realized costs by age band. “The current market structure for XRP closely resembles February 2022,” Glassnode wrote. It added that “psychological pressure on top buyers builds over time,” framing the present tape as one the place persistence is being examined relatively than rewarded.

What This Means For XRP Price

The firm’s core statement is that wallets lively within the short-term window, roughly the 1-week to 1-month cohort, are accumulating beneath the value foundation of holders within the 6-month to 12-month band. In follow, which means newer demand is stepping in at costs which are cheaper than what a significant slice of mid-term holders paid.

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That relationship issues as a result of cohorts are likely to behave in a different way when price revisits their value foundation. When spot trades beneath a cohort’s realized price, that cohort is, on average, underwater. If the market rallies back towards that degree, some of that offer can grow to be desirous to de-risk into breakeven, creating overhead liquidity that may cap upside till it’s absorbed.

Glassnode’s “Realized Price by Age” chart (7-day shifting average) visualizes this dynamic by plotting cohort realized costs in opposition to spot. The standout function is the hole between shorter-term and 6–12 month value bases during the newest consolidation, echoing the firm’s February 2022 comparability.

With XRP price again trading barely beneath the $2 mark, a post by Glassnode from Nov. 24 2025 additionally comes back into focus. Glassnode quoted this outdated X post during which it singled out $2 as the extent the place this cohort stress has been most seen in flows. “The $2.0 level remains a major psychological zone for Ripple holders,” the firm mentioned. “Since early 2025, each retest of $2 saw $0.5B–$1.2B per week in losses,” a reminder that many holders have been exiting at a loss as price revisits that deal with.

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Those realized loss estimates are a key qualifier: they recommend that $2 isn’t just a chart degree, however a conduct degree, the place spending choices change and the place capitulation (or compelled de-risking) can cluster.

Notably, in February 2022, XRP put in a sharp round-trip: after slipping to about $0.6034 on Feb. 2, it ripped greater to the month’s peak close to $0.8758 on Feb. 8, then rolled over into the back half of the month as macro risk accelerated. Then, XRP was back round $0.70 by Feb. 23–24 (roughly 20% off the Feb. 8 high), earlier than bouncing into month-end close to $0.7856 on Feb. 28.

The late-month downdraft coincided with the Russia–Ukraine escalation and the Feb. 24 invasion, which hit risk property broadly and pushed main crypto decrease intraday, in line with the risk-off impulse seen throughout your entire crypto market.

At press time, XRP traded at $1.9294.

Featured image created with DALL.E, chart from TradingView.com