<div id="readability-page-1"><div>As XRP slides below $1.60, on-chain analytics firm Glassnode has highlighted how the current structure is looking similar to that of April 2022.XRP Is Fast Approaching Its Realized PriceIn a new post on X, Glassnode has talked about where XRP is currently trading with respect to its Realized Price. This on-chain indicator measures the cost basis or acquisition price of the average address on the blockchain. When the spot price of the cryptocurrency is trading above this metric, it means the investors as a whole can be assumed to be in a state of profit. On the other hand, it being below the indicator suggests the majority of the supply is underwater.Now, here is the chart shared by Glassnode that shows the trend in the XRP Realized Price over the last several years:<figure></figure>As is visible in the above graph, the XRP spot price has been above the Realized Price since 2024, indicating that holders have been enjoying net unrealized gains. The degree of profitability, however, hasn’t been constant in this period. The asset’s price had the largest gap over the metric back in late 2024, owing to a fast bull rally. Then, over the first three quarters of 2025, profitability gradually dropped as tokens changed hands at higher levels, leading to an increase in the Realized Price.The indicator hit a plateau in the last quarter of the year, but the bearish shift in the asset meant that it was now the price’s turn to approach the line, cutting back on average investor profits further. This trend has deepened recently. Following the sector-wide crash during the past week, XRP has come dangerously close to the Realized Price, which now sits at $1.48.“The current market structure is very similar to that of April 2022,” noted the analytics firm. Back then, the asset was transitioning to a bear market and its price fell to the Realized Price. That retest failed, and what followed was a steep move down that eventually led to the cycle low.Given the proximity that the current XRP price has to the indicator, it now remains to be seen whether a retest will occur in the near future and if it would lead to further bearish action like in 2022.In the scenario that the cryptocurrency’s decline continues, technical support levels pointed out by analyst Ali Martinez may come into play.<figure></figure>As displayed in the chart, Martinez has drawn levels based on a parallel channel pattern. “For XRP, resistance sits at $1.86, while support is at $1.38 and $1.02,” noted the analyst.XRP PriceAt the time of writing, XRP is trading around $1.60, down nearly 15% over the last week.</div></div>

XRP is currently trading below $1.60, with on-chain analytics firm Glassnode noting that its market structure resembles that of April 2022. The cryptocurrency is approaching its Realized Price of $1.48, indicating that many investors are underwater. Glassnode warns that if the price retests this level, it could lead to further declines, similar to the previous bear market. Analyst Ali Martinez identifies resistance at $1.86 and support levels at $1.38 and $1.02. XRP has dropped nearly 15% in the past week.

- XRP has fallen below $1.60, with on-chain analytics firm Glassnode noting similarities to its market structure in April 2022.  
- Glassnode indicates that XRP is approaching its Realized Price of $1.48, suggesting that the average investor may be at a loss, as the asset's price has decreased after a previous period of profitability.  
- Analyst Ali Martinez identifies resistance at $1.86 and support levels at $1.38 and $1.02, while noting that XRP's decline could indicate a retest and potential further bearish movement.

XRP Market Structure “Very Similar” To April 2022, Glassnode Says