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XRP Cost Basis Heatmap Shows 2.5 Billion Tokens Stuck at $1.61

XRP Cost Basis Heatmap Shows 2.5 Billion Tokens Stuck at $1.61

On-chain data from Glassnode's XRP Cost Basis Distribution Heatmap (CBDH) shows that a large amount of XRP could face selling pressure if the price recovers. Specifically, the XRP Cost Basis data reveals that approximately 2.5 billion tokens last changed hands around $1.61, which could create a potential resistance level whenever the price tries to rebound above current levels.

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Nearly 12,000,000,000 XRP Piled Up on Exchanges After $25.7M Liquidation Wipeout

Nearly 12,000,000,000 XRP Piled Up on Exchanges After $25.7M Liquidation Wipeout

XRP exchange reserves have risen to 11.8 billion tokens despite a $25.7 million liquidation event that forced leveraged traders out of the market. The figure shows that the amount of XRP held on exchanges has reached one of its highest levels in the past year, which raises concerns about possible selling pressure as the price struggles to recover.

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XRP Retail Sentiment Flips Extremely Bullish on Binance, OKX, and Bybit

XRP Retail Sentiment Flips Extremely Bullish on Binance, OKX, and Bybit

XRP retail sentiment has turned extremely bullish on Binance, OKX, and Bybit, despite a macroeconomic-driven selloff that rattled the cryptocurrency market this week. Data from Coinglass shows that retail traders across all three exchanges favor long positions over short positions, indicating that more individual traders expect XRP prices to rise than fall.

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