The intra-blockchain view that has formed in the XRP market in recent weeks is similar to the structure that has signaled the beginning of a long period of weakness in the past. In-blockchain data reveals that short-term investors are in a relatively advantageous position, while older buyers remain under loss pressure. Analyzes indicate that the current price squeeze, combined with psychological thresholds, may strengthen the selling tendency. This situation creates a fragile balance, especially for investors who have opened positions recently.
In-Blockchain Data Reminds Early 2022
Blockchain analysis company Glassnode reports that XRP’s current cost-based distribution exhibits a similar structure to the February 2022 period. According to the data, investors who bought between the last week and a month accumulated assets at a lower cost than those who opened positions six to twelve months ago. The resulting picture moves short-term participants to a profitable point, while leaving medium-term investors in the loss zone.
The cost difference stands out as a determining factor in terms of market psychology. In periods when the price has difficulty in producing an upward movement, the selling tendency of investors who make losses increases. The intra-blockchain distribution shows a clear separation between short-term groups that are in profit and older participants experiencing cost pressure.
A similar structure occurred in February 2022, when XRP was trading at approximately $0.78. In the following months, the price entered a long-term decline, falling to the $0.30 region towards mid-summer. The current outlook does not necessarily follow the same direction, but past examples provide a strong reference for how investor behavior can be shaped.
2 Dollar Levels Shape Selling Behavior
For XRP, the $2 zone stands out as a distinct behavioral threshold since mid-2025. Glassnode data shows that losses of approximately 500 million to 1.2 billion dollars are realized on a weekly basis in each test of this level. This indicates that investors consider this range as an exit point rather than a new buying area.
As the price remains below $2, the pressure from participants who have opened positions at higher costs increases. While short-term investors are buying at lower levels, long-term investors are positioning themselves on the sell side in anticipation of reaching the breakeven point. This contrast stands out as one of the main factors that make it difficult for the price to find direction.
The current structure creates an equilibrium that prevents a clear direction in the market. While short-term demand supports the price, supply from past periods limits the movement area. As intra-blockchain cost divergence continues, pressure is expected to remain on investors, especially those who bought near recent highs.
