- 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.
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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.
