{"id":547683,"date":"2026-07-14T16:50:06","date_gmt":"2026-07-14T15:50:06","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=547683"},"modified":"2026-07-14T13:45:36","modified_gmt":"2026-07-14T12:45:36","slug":"xrps-1-rebound-faces-holders-trapped-above-2","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/xrps-1-rebound-faces-holders-trapped-above-2\/","title":{"rendered":"XRP\u2019s $1 rebound faces holders trapped above $2"},"content":{"rendered":"

Glassnode reported that XRP holders who bought between 6 and 12 months ago have an average cost basis near $2.22, roughly 52% above the token's price of $1.08 on July 14, and far above the $ 1.09-$1.11 realized price for coins bought in the past month.<\/p>\n

XRP perpetual funding spanned a 2.6-basis-point range as of July 12, running from -0.016% on Kraken, through -0.003% on Coinbase, -0.002% on Bybit and Crypto.com, and roughly 0% on Binance, up to +0.005% on Gate, +0.006% on Hyperliquid, and +0.010% on Bitget and Huobi.<\/p>\n

How far underwater each cohort sits<\/h2>\n

Glassnode calculates realized price as the average price at which the circulating supply last moved on-chain, with the duration of each cohort's holding tracked separately.<\/p>\n

The one- to two-year cohort has a realized price near $1.89<\/a>, about 43% below the current spot price and roughly 77% short of breakeven.<\/p>\n

The 6-to-12-month cohort needs about 107% from here to reach its $2.22 average cost,\u00a0while\u00a0XRP's<\/a>\u00a0aggregate\u00a0realized price is<\/a>\u00a0$1.36<\/a>.<\/p>\n

Glassnode's aggregate NUPL reading, which measures unrealized profit against unrealized loss across the tracked supply, sat near -0.252, meaning losses outweigh gains across the token's entire holder base.<\/p>\n

\"XRP
A chart shows XRP holder cost bases from $1.09 to $2.22, all above the $1.07 spot price, ranging 2% to 107% higher.<\/figcaption><\/figure>\n

The funding rate is a periodic payment between long and short positions, moving from longs to shorts when the rate runs positive and reversing direction when it runs negative, a mechanism meant to keep perpetual futures prices tethered to spot.<\/p>\n

The eight venues tracked by CoinGlass<\/a> split evenly on July 12, four negative and four positive, with no shared directional lean<\/a> across the market.<\/p>\n

CoinGlass cautions that funding varies by venue due to user composition, margin preferences, contract volume, and each exchange's own mark-price system<\/a>, and that the metric works best alongside open interest, volatility, and liquidation data, with the funding number alone telling only part of the story.<\/p>\n

Even with that caveat, a 2.6-basis-point spread between the most negative and most positive venues describes traders making opposite bets on the same asset at the same time.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Funding side<\/th>\nVenue<\/th>\nXRP perpetual funding<\/th>\n<\/tr>\n<\/thead>\n
Short-biased \/ negative<\/td>\nKraken<\/td>\n-0.016%<\/td>\n<\/tr>\n
Short-biased \/ negative<\/td>\nCoinbase International<\/td>\n-0.003%<\/td>\n<\/tr>\n
Short-biased \/ negative<\/td>\nBybit<\/td>\n-0.002%<\/td>\n<\/tr>\n
Short-biased \/ negative<\/td>\nCrypto.com<\/td>\n-0.002%<\/td>\n<\/tr>\n
Neutral<\/td>\nBinance<\/td>\n~0.000%<\/td>\n<\/tr>\n
Long-biased \/ positive<\/td>\nGate<\/td>\n+0.005%<\/td>\n<\/tr>\n
Long-biased \/ positive<\/td>\nHyperliquid<\/td>\n+0.006%<\/td>\n<\/tr>\n
Long-biased \/ positive<\/td>\nBitget<\/td>\n+0.010%<\/td>\n<\/tr>\n
Long-biased \/ positive<\/td>\nHuobi<\/td>\n+0.010%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

What a move in either direction would trigger<\/h2>\n

CoinGlass puts XRP's 24-hour futures volume at over $1.7 billion, compared with a spot volume of about $290.4 million, a ratio of about 5.9 to 1.<\/p>\n

Open interest sits near $2.3 billion, down from June's levels, and the volume gap shows derivatives still drive most of the turnover investors actually see day-to-day.<\/p>\n

A sustained move above $1.11 would first put the most recent buyers into profit, and a run toward the $1.36 aggregate realized price would start to repair the broader holder base.<\/p>\n

That same move could squeeze the negative-funding venues, forcing short-biased traders to cover as the price climbs past the cost basis that recent buyers are watching.<\/p>\n

A rally can reward newer buyers well before it repairs the oldest ones, since the $1.11 and $1.36 levels sit far below the $1.89-$2.22 cohort wall.<\/p>\n

A decisive break below $1 would flip recent buyers into losses for the first time and push older cohorts deeper underwater.<\/p>\n

That same move would test the positive-funding venues, where traders are already paying to stay long, forcing the most exposed positions to unwind as losses compound on both sides of the market<\/a>.<\/p>\n

\"XRP's
A flowchart shows XRP's $1.07 spot price against upside levels up to $2.22 and a downside level at $1.00, marking key pressure zones.<\/figcaption><\/figure>\n

The backdrop investors are trading against<\/h2>\n

The Federal Reserve held its target rate at 3.50% to 3.75% on June 17<\/a>, citing uncertainty tied to the Middle East conflict and inflation partly linked to energy supply shocks.<\/p>\n

Renewed US-Iran hostilities on July 13 pushed Brent crude up 2% to $77.60 and supported the dollar as a safe-haven asset, with money markets pricing in 37 basis points of Fed tightening for the year, a backdrop that tends to tighten liquidity for higher-beta assets like XRP.<\/p>\n

US-traded spot XRP ETFs<\/a> recorded about $7.2 million in net outflows<\/a> during the July 6-10 week, led by a $7.29 million outflow from Bitwise's<\/a> fund, the same week US spot Bitcoin<\/a> ETFs pulled in about $197 million<\/a> and ended an eight-week run of redemptions.<\/p>\n\n

\n \n
\n \"XRP\n <\/div>\n
\n Related Reading<\/span>\n

XRP cleaned out leverage, now ETF demand has to prove itself<\/h3>\n
The washout reduced forced-selling risk, but spot volume and ETF creations still need to carry the next move.<\/div>\n
\n Jul 8, 2026<\/span>\n ·<\/span>\n Andjela Radmilac<\/span>\n <\/div>\n <\/div>\n <\/a>\n<\/div>\n\n

Glassnode's<\/a> own cost-basis methodology comes with a caveat worth keeping in mind when reading this data: realized price tracks when coins last moved on-chain, a signal that can capture transfers and custody changes alongside ordinary buying.<\/p>\n

The cohort and funding splits still describe a market few investors would call settled.<\/p>\n

XRP's next move carries a specific test in either direction: clearing $1.11 and then $1.36 before it reaches the coins still priced near $2.22 on the way up, or holding below $1 before positive-funding venues start unwinding on the way down.<\/p>\n","protected":false},"excerpt":{"rendered":"

Glassnode reported that XRP holders who bought between 6 and 12 months ago have an average cost basis near $2.22, roughly 52% above the token’s price of $1.08 on July 14, and far above the $ 1.09-$1.11 realized price for coins bought in the past month. XRP perpetual funding spanned a 2.6-basis-point range as of […]<\/p>\n","protected":false},"author":1511,"featured_media":547819,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,78665,77968],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nXRP\u2019s $1 rebound faces holders trapped above $2<\/title>\n<meta name=\"description\" content=\"XRP\u2019s leverage reset has left holders nearly 50% underwater, with fractured funding across exchanges raising the risk of a move around $1.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/xrps-1-rebound-faces-holders-trapped-above-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP\u2019s $1 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