Recent data from Glassnode shows that XRP is experiencing significant growth, notably driven by retail investor interest. However, this growth raises concerns regarding the market's condition.
XRP Active Addresses and Retail Investor Interest
According to Glassnode, active XRP addresses have surged by 490% since the end of 2022. In comparison, Bitcoin's address growth during the same period was only 10%. This significant disparity highlights strong retail interest in XRP.
Changes in XRP's Realized Capitalization
XRP's realized capitalization has increased from $30.1 billion to $64.2 billion in recent months. However, by late February 2025, the upward momentum began to slow, suggesting a possible cooling phase in speculative activity among retail participants.
Profit and Loss Ratios Indicate Rising Stress
Glassnode also reported that XRP's Realized Profit/Loss Ratio has been declining since January 2025. This indicates that an increasing number of holders are selling at a loss. The MVRV ratio standing at 0.88 points to moderate investor stress and hints at weakening market confidence.
While the surge in XRP active addresses captures attention due to its scale and speed, analysts warn that the lack of broader utility and consistent on-chain engagement may lead to renewed selling pressure.
