{"id":20209,"date":"2026-01-20T11:56:52","date_gmt":"2026-01-20T11:56:52","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-bulls-face-psychological-test-as-glassnode-flags-february-2022-pattern\/"},"modified":"2026-01-20T11:57:00","modified_gmt":"2026-01-20T11:57:00","slug":"xrp-bulls-face-psychological-test-as-glassnode-flags-february-2022-pattern","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-bulls-face-psychological-test-as-glassnode-flags-february-2022-pattern\/","title":{"rendered":"XRP bulls face psychological test as Glassnode flags February 2022 pattern"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p>Glassnode says XRP\u2019s market structure mirrors February 2022, with short-term buyers accumulating below 6\u201312M holders and $2 acting as a key stress zone.<\/p>\n<div id=\"cn-block-summary-block_cc43d24bb4fe212269971ec501172b7a\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Glassnode reports XRP\u2019s cost-basis structure now resembles February 2022, with psychological pressure building on top buyers as consolidation drags on.\u200b<\/li>\n<li>Short-term (1W\u20131M) wallets are accumulating below the 6\u201312M cohort\u2019s realized price, setting up overhead liquidity as underwater holders sell into rallies.\u200b<\/li>\n<li>The firm highlights a key psychological level flagged in a Nov. 24, 2025 note, where repeated retests have triggered heavy realized losses and capitulation flows.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Blockchain analytics firm Glassnode reported Monday that XRP (XRP) has returned to a cost-basis configuration last observed in February 2022, with recent buyers accumulating at price levels that leave earlier cohorts underwater, according to a note shared via X.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcca<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#XRP<\/a> Glassnode: The current market structure for XRP closely resembles that of February 2022. <\/p>\n<p>Investors active over the 1W\u20131M window are now accumulating below the cost basis of the 6M\u201312M cohort.<\/p>\n<p>As this structure persists, psychological pressure on top buyers continues to\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/bDIfndfFdM\">pic.twitter.com\/bDIfndfFdM<\/a><\/p>\n<p>\u2014 Rednirav (@CryptoRednirav) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoRednirav\/status\/2013514620208849186?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 20, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">Glassnode offers fresh XRP analysis<\/h2>\n<p>The firm identified a rotation in realized prices by age band, stating that \u201cthe current market structure for XRP closely resembles February 2022.\u201d Glassnode noted that \u201cpsychological pressure on top buyers builds over time,\u201d characterizing the current market environment as one testing holder patience.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>According to Glassnode\u2019s analysis, wallets active in the short-term window, approximately the one-week to one-month cohort, are accumulating below the cost basis of holders in the six-month to 12-month band. The data indicates that newer demand is entering at prices lower than what mid-term holders paid, the firm said.<\/p>\n<p>The relationship matters because cohorts typically behave differently when price revisits their cost basis, according to the analytics firm. When spot price trades below a cohort\u2019s realized price, that cohort is on average underwater. If the market rallies back toward that level, some of that supply can become available as holders seek to break even, creating overhead liquidity that can limit upside until absorbed, Glassnode stated.<\/p>\n<p>The firm\u2019s \u201cRealized Price by Age\u201d chart, using a short moving average, displays cohort realized prices against spot price. The chart shows a gap between shorter-term and six-to-12-month cost bases during recent consolidation, mirroring the February 2022 pattern, according to Glassnode.<\/p>\n<p>The analytics firm also referenced a Nov. 24, 2025 post identifying a major psychological price level where cohort stress has been most visible in flows. Since early 2025, each retest of that level produced significant weekly losses, indicating that many holders have been exiting at a loss as price revisits that zone, the firm reported.<\/p>\n<p>Glassnode\u2019s realized loss estimates suggest the level represents not just a technical chart level, but a behavioral zone where spending decisions change and where capitulation or forced de-risking can cluster, according to the firm.<\/p>\n<p>In February 2022, XRP experienced a sharp round-trip pattern, according to historical data. After declining to an early-February low, the digital asset rallied to the month\u2019s peak, then reversed in the latter half of the month as macro risk accelerated. The late-month decline coincided with the Russia-Ukraine escalation and the Feb. 24 invasion, which impacted risk assets broadly and pushed major cryptocurrencies lower intraday, consistent with risk-off sentiment across the crypto market, Glassnode noted.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Glassnode says XRP\u2019s market structure mirrors February 2022, with short-term buyers accumulating below 6\u201312M holders and $2 acting as a key stress zone. Summary Glassnode reports XRP\u2019s cost-basis structure now&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=20209"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20209\/revisions"}],"predecessor-version":[{"id":20210,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20209\/revisions\/20210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12580"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}