{"id":61249,"date":"2026-02-03T09:47:31","date_gmt":"2026-02-03T02:47:31","guid":{"rendered":"https:\/\/hbbgroup.net\/xrp-market-structure-very-similar-to-april-2022-glassnode-says\/"},"modified":"2026-02-03T09:47:31","modified_gmt":"2026-02-03T02:47:31","slug":"xrp-market-structure-very-similar-to-april-2022-glassnode-says","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/xrp-market-structure-very-similar-to-april-2022-glassnode-says\/","title":{"rendered":"XRP Market Structure \u201cVery Similar\u201d To April 2022, Glassnode Says"},"content":{"rendered":"
\n

As XRP slides below $1.60, on-chain analytics firm Glassnode has highlighted how the current structure is looking similar to that of April 2022.<\/p>\n

XRP Is Fast Approaching Its Realized Price<\/h2>\n

In a new post<\/a> on X, Glassnode has talked about where XRP is currently trading with respect to its Realized Price<\/a>. This on-chain indicator measures the cost basis or acquisition price of the average address on the blockchain. When the spot price of the cryptocurrency is trading above this metric, it means the investors as a whole can be assumed to be in a state of profit. On the other hand, it being below the indicator suggests the majority of the supply is underwater.<\/p>\n

Now, here is the chart shared by Glassnode that shows the trend in the XRP Realized Price over the last several years:<\/p>\n

\"XRP
The price of the coin seems to have declined toward the metric in recent days | Source: Glassnode on X<\/a><\/figcaption><\/figure>\n

As is visible in the above graph, the XRP spot price has been above the Realized Price since 2024, indicating that holders have been enjoying net unrealized gains. The degree of profitability, however, hasn\u2019t been constant in this period. The asset\u2019s price had the largest gap over the metric back in late 2024, owing to a fast bull rally. Then, over the first three quarters of 2025, profitability gradually dropped as tokens changed hands at higher levels, leading to an increase in the Realized Price.<\/p>\n

The indicator hit a plateau in the last quarter of the year, but the bearish shift in the asset meant that it was now the price\u2019s turn to approach the line, cutting back on average investor profits further. This trend has deepened recently. Following the sector-wide crash during the past week, XRP has come dangerously close to the Realized Price, which now sits at $1.48.<\/p>\n

\u201cThe current market structure is very similar to that of April 2022,\u201d noted the analytics firm. Back then, the asset was transitioning to a bear market<\/a> and its price fell to the Realized Price. That retest failed, and what followed was a steep move down that eventually led to the cycle low.<\/p>\n

Given the proximity that the current XRP price has to the indicator, it now remains to be seen whether a retest will occur in the near future and if it would lead to further bearish action like in 2022.<\/p>\n

In the scenario that the cryptocurrency\u2019s decline continues, technical support levels pointed out by analyst Ali Martinez<\/a> may come into play.<\/p>\n

\"XRP
Looks like the asset has broken below a parallel channel recently | Source: @alicharts on X<\/a><\/figcaption><\/figure>\n

As displayed in the chart, Martinez has drawn levels based on a parallel channel<\/a> pattern. \u201cFor XRP, resistance sits at $1.86, while support is at $1.38 and $1.02,\u201d noted the analyst.<\/p>\n

XRP Price<\/h2>\n

At the time of writing, XRP is trading around $1.60, down nearly 15% over the last week.<\/p>\n

\"XRP
The cryptocurrency appears to have plunged over the last few days | Source: XRPUSDT on TradingView<\/a><\/figcaption><\/figure>\n

Featured image from Dall-E, chart from TradingView.com<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

As XRP slides below $1.60, on-chain analytics firm Glassnode has highlighted how the current structure is looking similar to that […]<\/p>","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-61249","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/61249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=61249"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/61249\/revisions"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=61249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=61249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=61249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}