XRP’s Silent Scream: Is $2 the New Boogeyman?

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Oh, the delightful dance of XRP! It prances about, all calm and collected, while its holders are secretly chewing their fingernails down to the quick. Glassnode, those clever chaps, have spotted a pattern that’ll make your wallet quiver like a jelly on a unicycle. Apparently, XRP is reprising its 2022 greatest hits, complete with rising tension and a chorus of “What on earth is happening?”

XRP Steps into the Pressure Cooker, Whistling a Merry Tune

There it goes, our dear XRP, sauntering into the high-pressure zone like it’s off to a tea party. But oh, the drama beneath the surface! Glassnode, those blockchain busybodies, chirped on X (formerly known as Twitter, for those living under a rock) on January 19, 2026, that XRP is quietly reenacting its 2022 blockbuster, complete with rising tension and a cast of nervous investors.

The firm trilled:

“The current market structure for XRP closely resembles that of February 2022. A repeat performance, if you will, but with fresher faces and fancier charts.”

“Investors active over the 1W-1M window are now buying in below the cost basis of the 6M-12M cohort. As this charade continues, the psychological pressure on top buyers mounts like a pile of unpaid bills,” they added, with a wink and a nudge.

Accompanying this drama was a chart, as colorful as a clown’s wardrobe, illustrating XRP’s realized price by age cohorts. Short-term holders, those eager beavers, are positioning themselves at lower realized levels than the old-timers who’ve been holding on for dear life. It’s a game of musical chairs, but no one’s quite sure when the music will stop. This supply rotation, as they call it, is like a merry-go-round that never ends, with newer participants absorbing liquidity while the veterans remain underwater, gasping for air.

As this circus continues, Glassnode explains that the psychological strain on top buyers can shape behavior long before the price decides to do its next backflip. In a separate post on X on November 24, they noted:

“The $2.0 level remains a major psychological zone for Ripple holders. Since early 2025, each time XRP has retested $2, investors have realized $0.5B-$1.2B per week in losses. It’s like a horror movie, but with spreadsheets.”

This pattern, they add, “underscores how heavily this level influences spending behavior.” It’s like a magnet, but instead of attracting paperclips, it attracts panic. The observation aligns with the earlier cost-basis analysis, suggesting that repeated tests of key psychological levels intensify loss realization and suppress sell-side confidence. It’s a bit like trying to juggle while riding a unicycle on a tightrope-eventually, something’s got to give.

FAQ 🧭

  • Why is XRP’s current market structure important for investors?
    Because it’s like watching a pot boil-you know something’s coming, but you’re not sure if it’ll be a delicious stew or a scorched mess. Glassnode’s data shows XRP is repeating a 2022-style setup, with short-term holders accumulating below long-term cost bases, signaling hidden stress that could precede a dramatic price move.
  • What does supply rotation mean for XRP’s price outlook?
    It’s like passing the parcel-newer investors are taking the liquidity from older holders, but no one’s quite sure when the music will stop. This often happens during long consolidations, just before volatility decides to throw a party.
  • Why is the $2 level a critical psychological zone for XRP holders?
    Because it’s the boogeyman of the crypto world. Repeated retests of $2 have triggered $0.5B-$1.2B in weekly realized losses since early 2025, making it a key stress point that influences investor behavior like a puppet master.
  • How could cost-basis stress impact future XRP performance?
    It’s like sitting on a powder keg-rising psychological pressure on underwater holders can suppress selling in the short term, but historically, it’s led to sharp breakouts or breakdowns once sentiment and liquidity decide to change the channel.

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2026-01-20 22:07