The last time this happened, the XRP price dropped by 68%

XRP’s (XRPThe market structure of the onchain resembles that which led to substantial losses in 2022 when the price fell below an important support level.

The key takeaways

• XRP’s onchain mirrors February 2022’s setup, which led to a price fall of 68%. 

• XRP bulls need to reclaim the $2 price in order for a correction back towards $1.10 not to get worse.

• The XRP Spot ETFs saw a net withdrawal of $53.32 Million, the second largest day since their launch.

Price drop of 68% on XRP preceded by previous signal

Glassnode data showed that XRP’s market structure was not as it appears. “closely resembles that of February 2022,” A triggering event which led directly to months’ worth of weakness. 

“XRP investors active over the 1W–1M window are now accumulating below the cost basis of the 6M–12M cohort,” The market intelligence company wrote Recently, X published a post about X.

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The result is that newer buyers will be in the black, while holders of mid-term positions are still on the losing side. Over time, this gap can create overhead pressure if the key support levels do not get reclaimed. 

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“As this structure persists, psychological pressure on top buyers continues to build over time.” 

Similar patterns were seen in February of 2022. XRP had traded for $0.78 at the time, and by June that year it was down 68% on $0.30. 

If the past repeats itself, XRP could be a risk fall to as low as $1.40 If you are unsure, please contact us. support from $1.80 to $2 does not hold. 

A psychological threshold of $2 is reached

In the short-to-medium term, $2 is an important psychological level for XRP. Glassnode had conducted an analysis earlier. found The fact that every retest since the beginning of 2025 resulted from $500,000,000 to $1.2 Billion in realized weekly losses suggests holders decided to sell their positions to reduce their losses.

“This underscores how heavily this level influences spending behavior.”

As the price falls below $2, it puts pressure on those who purchased XRP earlier, whereas newer purchasers accumulate at lower prices.

The 2022 fractal confirms this important level and suggests that the price could see further corrections if not recovered soon.

In the past, $0.55 was also an important support level. From April 2021 until May 2022 it supported the price, but each successive retest weakened its support. In May 2022 the support broke, resulting in a drop of 48% to $0.28.

Similar to 2022, losing $2 support may cause a downward spiral with the price settling just under the 200-week moving median at $1.03.

You can also read about the advantages of using Cointelegraph reportedXRP’s breaking below the simple moving average of 50 days (SMA), at $2, indicates the return of the bears, and that downside risks extend to $1.25.

XRP-based ETFs see their second outflow day

Today is Tuesday spot XRP ETFs recorded their second day of outflows since launch, totaling  $53 million, according to data from SoSoValue. The amount was higher by $13 Million than any other outflow of $40 million, recorded on Jan. 7.

 This outflow may indicate caution on the part of institutional investors, or profit-taking by those who are in it. broader crypto market weakness Sell-side pressure is heightened by the negative sentiment and a risk-off attitude.