- XRP’s price movement – price is up nearly 2% as crypto looks to bounce.
- Glassnode analysts, however, point to retail momentum having stalled after the February spike.
- Panic selling from new holders could accelerate a dump if the price remains below $2.00
XRP continues to experience significant price volatility, with price up in the past 24 hours after a massive dip on Monday. Ripple’s new acquisition announcement helped the sentiment.
But according to analysts at Glassnode, on-chain data suggests the Ripple token could face new downside action as recent retail-driven momentum fades. XRP trades at around $1.90, but if retail panics and exits amid fresh sell-off pressure, Glassnode highlights a potential slump.
XRP’s price movement
According to Glassnode, XRP experienced a dramatic surge in February 2025.
This is because its realized cap shot up, more than doubling as it increased from around $30 billion to $64 billion.
However, this $30 billion inflow, largely driven by new investors and helping XRP’s price increase, has cooled off.
This aligns with the dip from highs above $3.30 in late January and February to under $2.
While the broader market conditions, macroeconomic trends, and other headwinds have contributed to this, it’s a trend that has come amid a slowdown from retail buyers.
Glassnode notes that the percentage of XRP’s Realized Cap under investors who bought the token less than six months ago stands at 62.8%.
That’s up from 23% when a series of positive news helped the XRP price to near its all-time high reached in 2018.
“<6M old supply now makes up 62.8% of $XRP Realized Cap, up from just 23%. This rapid concentration in new holders reflects strong retail involvement – but also raises risk of fragility, as many hold elevated cost bases,” Glassnode posted on X.
The scenario is that this group of holders is likely to hit the sell button, even at a loss, should XRP witness a bloodbath.
More bearish predictions for XRP come from the profit/loss ratio.
PnL has declined steadily since early January 2025, suggesting that retail conviction is on the rocks.
“Fewer profits, more losses – usually a sign of waning conviction. With wealth concentrated in new hands, conditions appear increasingly top-heavy and vulnerable.”
Is XRP set for a retest of $1?
The XRP token is currently changing hands around $1.90 but revisited lows of $1.67 amid “Black Monday” dump.
Bulls are attempting to break above $2.00, which could be crucial for new momentum, given the buy-the-dip calls across the markets.
However, with XRP down 13% in the past month, it’s sporting a significant pullback that could accelerate with negative tariff news.
If the correction extends, giving up $1.60 will likely set retail alarm bells ringing. Profit-taking deals amid such a bearish outlook could see sellers target the psychological mark at $1.00.
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