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.
XRP Is Fast Approaching Its Realized PriceNow, here is the chart shared by Glassnode that shows the trend in the XRP Realized Price over the last several years:
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’t been constant in this period. The asset’s 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.
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’s 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.
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.
At the time of writing, XRP is trading around $1.60, down nearly 15% over the last week.
