📊 $XRP ON-CHAIN ALERT: February 2022 Pattern Repeating

Glassnode data shows something interesting 👀

WHAT'S HAPPENING:

Short-term investors (orange line) are buying XRP BELOW the cost basis of long-term holders (yellow line)

This exact pattern happened in Feb 2022 ⚠️

📉 WHAT THIS MEANS:

When new buyers enter below old holders' basis:
- Long-term holders = underwater
- Pressure on them to sell increases
- Creates resistance overhead

Current $XRP: ~$3.10

Long-term holder basis: ~$2.20
Short-term buying: $2.00-$3.20 range

🔍 THE SETUP:

Historically, this pattern leads to:
1️⃣ Consolidation phase (we're here)
2️⃣ Either capitulation OR
3️⃣ Breakout if new buyers absorb sells

Feb 2022 → Led to further downside to $0.30s
Will 2026 be different? 🤔

📈 BULLISH CASE:
If XRP holds $3.00+ = strong floor
New money willing to buy at these levels

📉 BEARISH CASE:
If breaks $2.80 = long-term holders panic
Could revisit $2.00-$2.50 range

💡 MY TAKE:

Watch the $3.00 level CLOSELY

Hold = bullish reversal forming
Break = more pain ahead

XRP holders: Are you buying, holding, or selling here?

XRP

1.3287

-2.90%