On-chain data indicates that over 70% of the capital currently in XRP entered the network in the last six months, coinciding with high price levels. This observation comes from Glassnode senior researcher CryptoVizArt, who noted the surge in the "Realized Cap," reflecting the cost bases for all addresses on the network.
The XRP Realized Cap increased alongside the recent price surge, showing a significant inflow of new capital. Data reveals that the capital held by newer investors (those in the market for less than six months) has significantly increased. However, much of this capital may not be profitable, as it entered during the cryptocurrency's peak and subsequent stagnation.
Since March 2025, the XRP network has experienced a sharp decline in active addresses, dropping by over 90%, as highlighted by CryptoVizArt. Currently, XRP is trading around $2.34, showing overall sideways movement, and analysts suggest caution due to the concentration of recent investments at high price levels.
This article is based on our author's analysis of materials taken from the following resources: www.tradingview.com, and www.cointelegraph.com.