XRP's path to $2 depends on market activity as realized price cohorts remain underwater

Approximately 75% of XRP's realized capitalization is held by cohorts that last moved their coins between six months and two years ago, with average acquisition costs exceeding $2. As XRP trades in the mid-$1.40s, a rally toward $2 would test whether these long-term holders remain dormant or begin to move their assets as their unrealized losses diminish. Data from Glassnode indicates that the six-to-12-month cohort has an average realized price of $2.02, while the one-to-two-year cohort averages $2.23.