XRP’s Current Market Analysis
XRP has dipped below $1.60, prompting on-chain analytics firm Glassnode to draw attention to similarities with the market structure observed in April 2022.
XRP Approaches Realized Price
In a recent update on X, Glassnode discussed XRP’s trading position concerning its realized price. This metric represents the average acquisition price across addresses on the blockchain. When the market price is above this figure, it typically suggests that investors have realized profits. Conversely, if the price drops below this threshold, most holders may have incurred losses.
A chart shared by Glassnode illustrates the trend of XRP’s realized price over recent years.
The graph reveals that since 2024, XRP’s spot price has been surpassing its realized price. This indicates that most holders are sitting on unrealized gains. However, the profit margins during this timeframe haven’t been steady. There was a significant gap between the price and the realized price in the latter half of 2024, largely attributed to a strong bull run. As we moved into the first three quarters of 2025, profitability began to decline as the token traded at higher values, resulting in a rise in realized prices.
Even though this indicator reached its peak in the last quarter, a bearish shift in market sentiment now implies that the price is converging with the realized price, reducing profitability for average investors. This trend has intensified lately. Following a sell-off in the sector last week, XRP is now alarmingly close to its realized price, currently recorded at $1.48.
According to Glassnode, “the current market structure is very similar to that of April 2022.” Back then, XRP was transitioning into a bear market, with prices dropping to the realized price before a failed retest, which led to a significant decline and subsequent cycle lows.
Now that XRP’s price is near the realized price, it remains uncertain whether there will be another retest soon and if it will trigger further bearish trends, similar to 2022.
If cryptocurrencies continue their downward trajectory, technical support levels identified by analyst Ali Martinez could play a crucial role.
As illustrated in another chart, Martinez indicated that XRP faces resistance at $1.86, with support levels at $1.38 and $1.02.
Current XRP Price
At the moment, XRP is trading around $1.60, marking a nearly 15% decline from the previous week.
