According to CryptoSlate, XRP's on-chain structure is mirroring a pattern from early 2022, potentially leading to prolonged sideways movement. A recent report on January 19 indicated that investors active over the 1-week to 1-month window are buying below the realized price of the 6-to-12-month cohort. This age-band inversion suggests newer buyers have a better average entry than prior buyers, intensifying psychological pressure on underwater holders. While 71.5% of the XRP supply is in profit, the structural tension between short-term and longer-term holders could cap momentum. Realized profit and loss patterns indicate distribution into rallies, with a spike in realized profit and loss in early January. This suggests that rallies may face selling pressure from cohorts seeking to reduce risk or exit positions.

According to CryptoSlate, XRP's on-chain structure is mirroring a pattern from early 2022, potentially leading to prolonged sideways movement. A recent report on January 19 indicated that investors active over the 1-week to 1-month window are buying below the realized price of the 6-to-12-month cohort. This age-band inversion suggests newer buyers have a better average entry than prior buyers, intensifying psychological pressure on underwater holders. While 71.5% of the XRP supply is in profit, the structural tension between short-term and longer-term holders could cap momentum. Realized profit and loss patterns indicate distribution into rallies, with a spike in realized profit and loss in early January. This suggests that rallies may face selling pressure from cohorts seeking to reduce risk or exit positions.