{"id":128422,"date":"2026-01-20T09:00:29","date_gmt":"2026-01-20T09:00:29","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=128422"},"modified":"2026-01-20T09:00:29","modified_gmt":"2026-01-20T09:00:29","slug":"xrp-market-structure-resembles-that-of-february-2022-glassnode-warns","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=128422","title":{"rendered":"XRP Market Structure Resembles That Of February 2022, Glassnode Warns"},"content":{"rendered":"

Glassnode says XRP is slipping back into a cost-basis configuration last seen in February 2022, with newer buyers accumulating at levels that leave a prior cohort \u201ctop\u201d increasingly underwater, an on-chain setup that can shape sell pressure around key price zones.<\/p>\n

In a note<\/a> shared Monday via X, the analytics firm pointed to a rotation in realized prices by age band. \u201cThe current market structure for XRP closely resembles February 2022,\u201d Glassnode wrote. It added that \u201cpsychological pressure on top buyers builds over time,\u201d framing the current tape as one where patience is being tested rather than rewarded.<\/p>\n

What This Means For XRP Price<\/h2>\n

The firm\u2019s core observation is that wallets active in the short-term window, roughly the 1-week to 1-month cohort, are accumulating below the cost basis<\/a> of holders in the 6-month to 12-month band. In practice, that means newer demand is stepping in at prices that are cheaper than what a meaningful slice of mid-term holders paid.<\/p>\n

That relationship matters because cohorts tend to behave differently when price revisits their cost basis. When spot trades below a cohort\u2019s realized price, that cohort is, on average, underwater. If the market rallies back toward that level, some of that supply can become eager to de-risk into breakeven, creating overhead liquidity that can cap upside until it is absorbed.<\/p>\n

Glassnode\u2019s \u201cRealized Price by Age\u201d chart (7-day moving average) visualizes this dynamic by plotting cohort realized prices against spot. The standout feature is the gap between shorter-term and 6\u201312 month cost bases during the most recent consolidation, echoing the firm\u2019s February 2022 comparison.<\/p>\n

With XRP price again trading slightly below the $2 mark, a post by Glassnode from Nov. 24 2025 also comes back into focus. Glassnode quoted this old X post in which it singled out $2 as the level where this cohort stress has been most visible in flows. \u201cThe $2.0 level remains a major psychological zone for Ripple holders,\u201d the firm said. \u201cSince early 2025, each retest of $2 saw $0.5B\u2013$1.2B per week in losses,\u201d a reminder that many holders have been exiting at a loss as price revisits that handle.<\/p>\n

Those realized loss estimates are a key qualifier: they suggest that $2 is not just a chart level<\/a>, but a behavior level, where spending decisions change and where capitulation (or forced de-risking) can cluster.<\/p>\n

Notably, in February 2022, XRP put in a sharp round-trip: after slipping to about $0.6034 on Feb. 2, it ripped higher to the month\u2019s peak near $0.8758 on Feb. 8, then rolled over into the back half of the month as macro risk accelerated. Then, XRP was back around $0.70 by Feb. 23\u201324 (roughly 20% off the Feb. 8 high), before bouncing into month-end near $0.7856 on Feb. 28.<\/p>\n

The late-month downdraft coincided with the Russia\u2013Ukraine escalation and the Feb. 24 invasion, which hit risk assets broadly and pushed major crypto lower intraday, consistent with the risk-off impulse seen across the entire crypto market.<\/p>\n

At press time, XRP traded at $1.9294.<\/p>","protected":false},"excerpt":{"rendered":"

Glassnode says XRP is slipping back into a cost-basis configuration last seen in February 2022, with newer buyers accumulating at levels that leave a prior cohort \u201ctop\u201d increasingly underwater, an on-chain setup that can shape sell pressure around key price zones. In a note shared Monday via X, the analytics firm pointed to a rotation […]<\/p>\n","protected":false},"author":0,"featured_media":128423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-128422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128422"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128422"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/128422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/128423"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}