đš XRP at a Crossroads: Crash or Rally Ahead? đš
XRP is flashing warning signs as Glassnode highlights a cost-basis setup that closely mirrors early 2022. After failing to hold above $2.35, XRP slipped below the key $2 psychological zone, triggering a structural shift in market sentiment. This level has historically shaped holder behavior, with repeated retests leading to $0.5B to $1.2B in weekly realized losses. đ
đ Why 2022 Matters
Glassnode data shows short-term holders accumulating XRP below the realized cost basis of long-term holders. This divergence often increases sell pressure from investors who bought higher. A similar pattern in 2022 saw XRP plunge nearly 60 percent as whales and investors exited positions. Adding to the caution, whale flows remain negative and daily outflows still hover near $20M, signaling ongoing distribution despite easing pressure. đ
đ Market Signals Turn Mixed
XRP trades near $1.93, down around 2 percent, while volume has dropped over 20 percent, reflecting cooling trader interest. Analysts including Peter Brandt and Ali Martinez warn that failure to defend $1.80 could open the door to a deeper move toward $1. Derivatives data shows futures open interest sliding, reinforcing bearish sentiment among traders.
⥠What to Watch Next
Some analysts still see buy-the-dip potential on lower timeframes, but caution dominates. Bulls must reclaim $2.05 to revive upside momentum. Until then, XRP remains vulnerable to further downside, with macro headlines including remarks from Donald Trump adding another layer of volatility.
Will $XRP defend support or repeat history? Stay sharp and manage risk.