According to @glassnode, XRP’s current market structure mirrors February 2022, with 1W–1M active investors accumulating below the 6M–12M cohort’s cost basis, which @glassnode states is building psychological pressure on prior top buyers. According to @glassnode, the $2.0 level remains a major psychological zone for XRP holders, and each retest since early 2025 has coincided with $0.5B–$1.2B in weekly realized losses, underscoring how this price level influences spending behavior. According to @glassnode, these on-chain dynamics make $2.0 a crucial decision area for XRP market participation and risk management, with spending patterns shifting near that level.