XRP Market Structure “Very Similar” To April 2022, | Crypto News
As XRP slides below $1.60, on-chain analytics firm Glassnode has highlighted how the current construction is wanting related to that of April 2022.
XRP Is Fast Approaching Its Realized Price
In a new post on X, Glassnode has talked about where XRP is presently trading with respect to its Realized Price. This on-chain indicator measures the fee foundation or acquisition price of the average handle on the blockchain. When the spot price of the cryptocurrency is trading above this metric, it means the buyers as a complete might be assumed to be in a state of revenue. On the other hand, it being below the indicator suggests the bulk of the provision is underwater.
Now, right here is the chart shared by Glassnode that exhibits the pattern in the XRP Realized Price over the last a number of years:
As is seen in the above graph, the XRP spot price has been above the Realized Price since 2024, indicating that holders have been having fun with internet unrealized good points. The degree of profitability, however, hasn’t been fixed in this period. The asset’s price had the most important hole over the metric back in late 2024, owing to a fast bull rally. Then, over the first three quarters of 2025, profitability step by step dropped as tokens modified fingers at larger ranges, main to an increase in the Realized Price.
The indicator hit a plateau in the last quarter of the 12 months, but the bearish shift in the asset meant that it was now the price’s flip to strategy the road, cutting back on average investor income additional. This pattern has deepened just lately. Following the sector-wide crash during the past week, XRP has come dangerously close to the Realized Price, which now sits at $1.48.
“The current market structure is very similar to that of April 2022,” famous the analytics firm. Back then, the asset was transitioning to a bear market and its price 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 current XRP price has to the indicator, it now stays to be seen whether or not a retest will happen in the close to future and if it will lead to additional bearish motion like in 2022.
In the situation that the cryptocurrency’s decline continues, technical help ranges identified by analyst Ali Martinez could come into play.
As displayed in the chart, Martinez has drawn ranges based on a parallel channel sample. “For XRP, resistance sits at $1.86, while support is at $1.38 and $1.02,” famous the analyst.
XRP Price
At the time of writing, XRP is trading around $1.60, down almost 15% over the last week.
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