XRP Holder Dynamics Resemble Early 2022 Trends
- XRP’s holder mix is shifting, reflecting patterns seen in February 2022.
- Recent demand for XRP is occurring below the cost basis of long-term wallets.
- Data from Glassnode indicates increased pressure on new buyers due to this trend.
The current shift in XRP’s holder composition suggests a return to previous market conditions, which may influence trading behaviors. As fresh demand arises beneath the established cost basis, it could lead to challenges for recent investors.
With new buyers facing pressure due to the changing dynamics, the situation mirrors early trends from February, highlighting potential risks for those entering the market now. (Source)
