According to Glassnode, the composition of XRP holders is showing similarities to early 2022 patterns. The report indicates that new demand is emerging at price levels below the cost basis for longer-term wallet holders. This situation may create pressure on recent XRP buyers, as the market dynamic mirrors a period where similar holder compositions existed. The development highlights the importance of understanding holder behavior and cost basis in assessing potential price movements.

According to Glassnode, the composition of XRP holders is showing similarities to early 2022 patterns. The report indicates that new demand is emerging at price levels below the cost basis for longer-term wallet holders. This situation may create pressure on recent XRP buyers, as the market dynamic mirrors a period where similar holder compositions existed. The development highlights the importance of understanding holder behavior and cost basis in assessing potential price movements.