On-chain data shows the top buyers of XRP are still in an 11% net profit today. Here’s how other top coins like Bitcoin and Solana compare.
XRP Top Buyers Are The Only Ones In The Green Right Now
In a recent post on X, the on-chain analytics firm Glassnode highlighted the conditions surrounding the top buyers across leading digital assets. The focus of interest is the “Realized Price,” which tracks the cost basis or acquisition level of the average investor within a cryptocurrency network.
When the Realized Price is above the spot price, it indicates that the holders experience a net unrealized loss. Conversely, if it is below the token’s market price, it suggests a prevailing profit within the network.
In this context, we focus on a particular subset of investors: those who entered during the earlier euphoria phase of December 2024 to January 2025. The relevant time frame aligns with mid-term holders, typically classified as being invested for three to six months.
As illustrated in the accompanying chart, the Realized Price for XRP investors in this category currently trades well below the cryptocurrency’s spot price. It is important to note that while some top buyers may have capitulated, the ones still holding evidently find themselves enjoying a comfortable profit margin of 11%.
In contrast to XRP, mid-term holders of Solana are experiencing a different scenario. The following chart reveals that Solana’s 3 to 6-month investors currently face a net unrealized loss of approximately 28%.
Similarly, Ethereum’s mid-term cohort encounters a distressing situation, sitting about 36% underwater, further indicating the volatility of the market. Even Bitcoin, representing the foremost cryptocurrency, shows this group reporting a modest loss of around 1%.
The implications of these underwater positions among the top buyers raise questions about market sentiment, with the analytics firm suggesting that “price stabilizing below the 3m–6m holders’ cost basis is a clear sign of market weakness.”
XRP Price
At the time of writing, XRP is trading around $2.13, indicating a decline of almost 4% over the past week.
This analysis provides a snapshot of the current landscape for key digital assets, highlighting the relative performance and emotional state of investors during a tumultuous market phase.
