Glassnode Flags XRP Structure Matching Feb 2022 Pre-Crash Setup

January 20, 2026

Glassnode has said XRP’s on-chain cost basis matches the setup seen before the 2022 60% drop: newer wallets undercut 6-12 month holders, leaving supply overhead near $2. ETFs have taken in $1.37B since November, yet exchange balances have risen this month. XRP trades near $1.93, below major MAs now.