XRP Market Structure “Very Similar” To April 2022, Glassnode Says
As XRP slides beneath $1.60, on-chain analytics agency Glassnode has highlighted how the present construction is trying just like that of April 2022.
XRP Is Fast Approaching Its Realized Price
In a brand new post on X, Glassnode has talked about the place XRP is at present buying and selling with respect to its Realized Price. This on-chain indicator measures the associated fee foundation or acquisition value of the common tackle on the blockchain. When the spot value of the cryptocurrency is buying and selling above this metric, it means the buyers as a complete will be assumed to be in a state of revenue. On the opposite hand, it being beneath the indicator suggests nearly all of the availability is underwater.
Now, right here is the chart shared by Glassnode that exhibits the development within the XRP Realized Price during the last a number of years:
As is seen within the above graph, the XRP spot value has been above the Realized Price since 2024, indicating that holders have been having fun with internet unrealized good points. The diploma of profitability, nevertheless, hasn’t been fixed on this interval. The asset’s value had the biggest hole over the metric again in late 2024, owing to a quick bull rally. Then, over the primary three quarters of 2025, profitability progressively dropped as tokens modified arms at larger ranges, resulting in a rise within the Realized Price.
The indicator hit a plateau within the final quarter of the yr, however the bearish shift within the asset meant that it was now the value’s flip to method the road, reducing again on common investor earnings additional. This development has deepened just lately. Following the sector-wide crash through the previous week, XRP has come dangerously near the Realized Price, which now sits at $1.48.
“The present market construction is similar to that of April 2022,” famous the analytics agency. Back then, the asset was transitioning to a bear market and its value fell to the Realized Price. That retest failed, and what adopted was a steep transfer down that finally led to the cycle low.
Given the proximity that the present XRP value has to the indicator, it now stays to be seen whether or not a retest will happen within the close to future and if it could result in additional bearish motion like in 2022.
In the state of affairs that the cryptocurrency’s decline continues, technical assist ranges identified by analyst Ali Martinez might come into play.
As displayed within the chart, Martinez has drawn ranges based mostly on a parallel channel sample. “For XRP, resistance sits at $1.86, whereas assist is at $1.38 and $1.02,” famous the analyst.
XRP Price
At the time of writing, XRP is buying and selling round $1.60, down almost 15% during the last week.