Glassnode Finds XRP Is Retail’s Top Pick This Cycle

Summary

Glassnode's report, “Rippling Away,” highlights a shift in retail investor interest towards XRP amid bearish signals for Bitcoin. Bitcoin is consolidating between $76,000 and $87,000, with indicators showing potential seller exhaustion but no bullish momentum. A long-term “Death-Cross” suggests ongoing market weakness, with 4.7 million BTC in loss indicating significant investor stress. In contrast, XRP has experienced a surge in retail speculation, with daily active addresses increasing by 490% since the 2022 cycle low, compared to Bitcoin's 10%. XRP's Realized Cap nearly doubled from $30.1 billion to $64.2 billion between December 2024 and early 2025, with $30 billion in new capital influx over six months. However, this has led to a concentration of wealth among new investors, raising concerns about vulnerability to market volatility. The Realized Loss/Profit Ratio for XRP has declined since January 2025, indicating waning confidence and potential fragility in its market structure. Overall, while XRP shows short-term retail enthusiasm, caution is advised as demand may have peaked. XRP is currently trading at $2.00.