Why Can’t XRP Get Back to $2? 75% of Holders Bought Above It

Three out of four XRP holders are still waiting to break even, and that math creates a ceiling the coin keeps bumping into. Understanding where that pressure comes from reveals why the road back is far more complicated than a…

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XRP (CRYPTO: XRP) is trading at $1.26, down roughly 11% over the past week after falling from a $1.42 high on September 15. The coin’s market cap has dropped 8.25% to $79.75 billion, while 24-hour volume rose 19.26% to $5.97 billion, pointing to active selling. XRP climbed from around $0.99 on August 18 to $1.66 on August 22, but has struggled to regain momentum since, repeatedly failing to reach $2. 

CoinMarketCap’s on-chain data shows why $2 remains a difficult level to clear. About three-quarters of XRP’s invested value was acquired above $2, leaving many holders waiting to break even. If the price reaches that level, some may sell, creating another layer of resistance. 

Why 75% of XRP’s Realized Cap at a Loss Caps the Price

Realized capitalization values XRP based on the price at which each token last moved on-chain, estimating holders’ cost basis. That realized price is around $1.48, and with XRP at $1.26, about 60% of the supply is underwater. Separately, 75% of XRP’s realized cap comes from tokens that were last moved when XRP was above $2, meaning most of the network’s invested value is tied to prices XRP has yet to recover to.