The price of XRP remains under heavy bearish pressure, falling 10% in recent days to trade at $2.26. Holder unrealized profits have dropped to their lowest level in 12 months. However, on-chain data from Glassnode shows a surge in interest from new XRP investors and price stabilization at current levels.
The unrealized profits (paper gains) metric is at its lowest point since November 2024. This suggests that most investors are holding XRP at a loss or with minimal gains, creating market tension. On the other hand, the influx of new participants is notable. This is an indicator that has historically preceded rebounds in XRP’s price. A peak of 12,000 new addresses accumulating XRP was recorded. This inflow of fresh capital is injecting necessary liquidity into the ecosystem.
The decline in unrealized profits is a worrying sign. Historically, this situation can trigger panic selling, especially from long-term holders looking to avoid deeper losses. If market confidence continues to weaken, liquidations could increase bearish pressure. Nonetheless, the arrival of new investors creates a mixed dynamic. These buyers see current prices as an entry opportunity before a potential recovery. This new demand could help absorb selling pressure from older holders.
Can new demand offset the liquidation risk from long-term holders?
Technically, XRP is at a critical juncture. The asset maintains strong support near $2.27. If it manages to hold above this level, the price could enter a consolidation phase. This stabilization could set the stage for rebounds toward $2.35 or $2.45 as buyers regain confidence. The token’s economy depends on this delicate balance.
However, the downside risk persists. If selling pressure intensifies and the $2.27 support breaks, the bullish scenario would be invalidated. A drop below $2.27 would open the door for declines toward $2.23 or even $2.13, confirming a deeper corrective phase. The interest from new XRP investors and price stabilization is the sole bullish metric in a landscape dominated by fear.
