Glassnode: XRP Is Back In Its 2021-2022 Playbook As SOPR Drops Sub 1
2 hours ago
XRP is flashing a familiar on-chain stress pattern
Glassnode: XRP Is Back In Its 2021-2022 Playbook As SOPR Drops Sub 1
XRP is flashing a familiar on-chain stress pattern after slipping below its aggregate holder cost basis, a move Glassnode says has historically coincided with capitulation, loss realization, and a slow grind toward stabilization rather than an immediate rebound.XRP SOPR (30-day EMA) | Source: @glassnodeGlassnode’s Jan. 19 post also emphasized the behavioral side of that structure: as the pattern persists, “psychological pressure on top buyers continues to build over time.”XRP remains above the 200-week EMA, 1-week chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
