“Investors active over the 1W–1M window are now accumulating below the cost basis of the 6M–12M cohort. As this structure persists, psychological pressure on top buyers continues to build over time,” the firm added.
As the structure continues, Glassnode explained that sustained psychological strain among top buyers can shape behavior well before price reacts. In a separate post shared on X on Nov. 24, Glassnode noted:
FAQ 🧭 Why is XRP’s current market structure important for investors? Glassnode data shows XRP is repeating a 2022-style setup where short-term holders accumulate below long-term cost bases, signaling hidden stress that can precede major price moves. What does supply rotation mean for XRP’s price outlook? Supply rotation suggests newer investors are absorbing liquidity from older holders rather than mass selling, often occurring during long consolidations before volatility expands. Why is the $2 level a critical psychological zone for XRP holders? Repeated retests of $2 have triggered $0.5B–$1.2B in weekly realized losses since early 2025, reinforcing it as a key stress point influencing investor behavior. How could cost-basis stress impact future XRP performance? Rising psychological pressure on underwater holders can suppress selling short term but historically has led to sharp breakouts or breakdowns once sentiment and liquidity shift.
