XRP just lost its aggregate holder cost basis price, which typically triggers an emotionally-based sell-off across retail markets. Glassnode’s latest research provides a deeper digest into XRP’s price movement, arguing that it resembles April, 2022.
$1.11 Bottom Or Harsher Correction For XRP’s Price?
Back then, the broader markets took a drastic downswing as Terra Luna’s UST stablecoin de-pegged – the algorithmic consensus couldn’t keep up with the liquidity crunch in sister token LUNA, setting off a deeper domino effect that affected everyone.
Notably, that correction phase was prevalent for two and a half years, but later a stupendous upswing to the $3.65 all-time high followed. Dating from this July 18, 2025 milestone, XRP lost over 62% since this price record, with many analysts drawing the bottom at last week’s $1.11 pullback.
This time, Crypto’s Fear & Greed Index is flashing near single digits again, highlighting the extreme fear among market participants. With geopolitical tensions constantly rattling crypto & stock markets, Bitcoin (BTC) barely holds $67K while XRP’s already below the Realized Price.
Scary Dip Below Cost Basis, Structure Unbroken..
Having lost this aggregate cost basis, XRP’s hopes to restore the $2 psychological threshold anytime soon will massively depend on the OG altcoin’s ability to regain $1.48, as pointed out in Glassnode’s XRP price analysis, basing on the 30-day Exponential Moving Average (EMA) & the Spent Output Profit Ratio (SOPR).
Differently from the bearish setup back in mid 2022, this time XRP’s market value isn’t risking any structural damage, many market connoisseurs note. That’s because of Ripple Labs’ compliance-first approach since settling with the SEC, opening doors towards a clearly-regulated crypto market.
As the negotiations for the Clarity Act continue behind closed doors in the Oval Office, utility altcoins like XRP, XLM & HBAR are already catching the attention of major traditional banking names. Recently, SWIFT included the aforementioned coins in the ISO 20022 global standard, while XRP & HBAR received pilot tests on SWIFT’s rails.
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People Also Ask:
SOPR is an on-chain metric that measures the profitability of coins being spent (transferred) on the blockchain.
According to Glassnode, XRP’s aggregate holder cost basis (realized price) is around $1.48, but the token has been trading below this level, triggering realized losses.
The negative SOPR often signals “capitulation,” where weak hands exit the market, potentially setting the stage for stabilization or price recovery.
Yes, the current price setup closely resembles the 2021–2022 bear market, where SOPR below 1 led to extended sideways trading before eventual recovery.
