XRP’s $1 Rebound Hits a Wall: Massive Number of Holders Trapped Above $2

XRP is struggling to sustain its momentum near the $1 mark due to heavy overhead resistance. On-chain data from Glassnode indicates that a significant cohort of XRP holders, who entered the market 6 to 12 months ago, holds an average cost basis of roughly $2.22, leaving them deep in the red.

This concentration of holders trapped above $2 creates a massive liquidity hurdle for any potential rally. As the token trades significantly below these levels, the market must contend with the psychological pressure of long-term investors looking for an exit strategy as soon as the price approaches their break-even point.

XRP’s attempt at a $1 rebound is facing stiff resistance from long-term holders. According to reports from Glassnode, investors who purchased XRP between 6 and 12 months ago are sitting on an average cost basis of approximately $2.22. This puts their entry point roughly 52% above the recent price of $1.08, creating a significant 'trapped' demographic.

In contrast, the realized price for coins acquired within the last month is much lower, ranging between $1.09 and $1.11. As XRP perpetual funding rates showed a 2.6-basis-point range, the market remains cautious; the looming presence of holders above the $2 mark suggests that selling pressure could intensify whenever the price attempts to reclaim previous highs.