Furthermore, a longer-term on-chain \u201cDeath-Cross\u201d suggests the market\u2019s current weakness could persist for some time. \u201cSupply in loss remains elevated at 4.7M BTC,\u201d the report states, underlining the depth of investor stress. These conditions, as Glassnode notes, paint a picture of \u201cdeepening bearish conditions\u201d for the leading cryptocurrency.<\/p>\n
Retail Flocks To XRP<\/h2>\n
In contrast to Bitcoin\u2019s cautionary signals, Glassnode points to XRP as a proxy for heightened retail speculation this cycle. The report highlights: \u201cFor this cycle in particular, Ripple (XRP) has been a preferred asset for trade amongst retail investors, and studying its behavior can, therefore, serve as a proxy for measuring retail speculative demand.\u201d<\/p>\n
From the 2022 cycle low, XRP\u2019s daily active addresses have \u201cjumped by +490%\u201d on a quarterly average basis, while Bitcoin\u2019s rose by only 10%. This sharp divergence underscores the retail community\u2019s enthusiasm for XRP, which Glassnode views as indicative of broader speculative appetite in the market.<\/p>\n
![\"Daily](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/04\/woc-13-08-1-.png?resize=2400%2C1350\")
<\/p>\n
The enthusiasm for XRP translated into a near-doubling of its Realized Cap\u2014leaping from $30.1 billion to $64.2 billion during its rally from December 2024 to early 2025. Glassnode estimates that approximately $30 billion of this new capital came in over the last six months, pointing to a fresh wave of market participants.<\/p>\n
![\"XRP\u2019s](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/04\/woc-13-10.png?resize=2400%2C1350\")
<\/p>\n
Alongside the short surge in capital flows, there\u2019s been a rapid concentration of wealth in the hands of new investors,\u201d the report explains. However, Glassnode also warns: \u201cWhen viewed together with the heavy retail participation, this sharp uplift in new holders raises caution signs.\u201d<\/p>\n
Glassnode warns that these new investors are vulnerable to downside volatility, especially as XRP\u2019s cost basis becomes more top-heavy. Thus, despite initial excitement, the report notes a cooling of speculative interest since late February 2025.<\/p>\n
Glassnode\u2019s Realized Loss\/Profit Ratio for XRP has declined steadily since January 2025, suggesting a slip in profitability and \u201cwaning confidence.\u201d This might reflect a more fragile market structure, where large swaths of relatively new holders face mounting paper losses.<\/p>\n
![\"XRP](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/04\/woc-13-12.png?resize=2400%2C1350\")
<\/p>\n
\u201cThe XRP market is showing signs of a top-heavy structure, with many investors caught on a relatively high-cost basis,\u201d the report adds. This fragility in XRP\u2019s positioning could also imply broader caution for retail-driven altcoin markets.<\/p>\n
Overall, Glassnode\u2019s latest research underscores the dichotomy in today\u2019s digital asset landscape. While Bitcoin\u2019s drift below $80,000 spurred increased losses for long-term holders, XRP\u2019s meteoric rise and subsequent slowdown depict a market driven by short-term retail enthusiasm that may be approaching saturation.<\/p>\n
\u201cFor more speculative assets like XRP, demand may have already peaked,\u201d the report concludes, \u201csuggesting caution may be warranted until signs of a robust recovery start to emerge.\u201d<\/p>\n
At press time, XRP traded at $2.00.<\/p>\n
![\"XRP](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/04\/XRPUSDT_2025-04-03_16-26-24.png?resize=3628%2C1605\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
On-chain data analytics firm Glassnode has identified an intriguing shift in retail investor preference, spotlighting XRP as a focal point of speculative interest. The findings, which come from Glassnode\u2019s newly published report titled \u201cRippling Away,\u201d reveal that while Bitcoin market indicators edge closer to a bearish zone, XRP has seen remarkable inflows of capital and…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361],"tags":[952,148,326,2081,706,327],"class_list":["post-3884","post","type-post","status-publish","format-standard","hentry","category-xrp-news","tag-glassnode","tag-xrp","tag-xrp-news","tag-xrp-on-chain-analysis","tag-xrp-on-chain-data","tag-xrp-price"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=3884"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3884\/revisions"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=3884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=3884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=3884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}