XRP's current on-chain data indicates a pattern similar to early 2022, where newer investors hold better cost bases than longer-term holders, creating selling pressure at breakeven levels. Despite 71.5% of XRP supply being profitable, cohort inversion suggests persistent overhead resistance that could limit rally momentum for months. Exchange data shows ongoing accumulation and reduced leverage, implying a phase of sideways price action rather than strong breakout or collapse in the near term.

#XRP