XRP Market Structure Resembles That Of February 2022, Glassnode Warns

2 hours ago

Glassnode says XRP is slipping back into a cost-ba

XRP Market Structure Resembles That Of February 2022, Glassnode Warns

XRP Market Structure Resembles That Of February 2022, Glassnode Warns

Glassnode says XRP is slipping back into a cost-basis configuration last seen in February 2022, with newer buyers accumulating at levels that leave a prior cohort “top” increasingly underwater, an on-chain setup that can shape sell pressure around key price zones.

XRP Realized Price by Age (7-day MA) | Source: X @glassnode
XRP remains above the 100-week EMA, 1-week chart | Source: XRPUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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