XRP’s path back to $2 now hinges on whether the Senate passes the CLARITY Act
XRP’s six-month-to-two-year cohorts carry nearly 75% of realized capital as Binance sees heavy two-way flows before the Senate’s Sept. 15 CLARITY cloture test.
Nearly 75% of XRP’s realized capitalization is concentrated in coins that last moved six months to two years ago. Their average realized prices start above $2, leaving the market’s largest cost-basis cohorts below their modeled entry levels while XRP trades in the mid-$1. 40s.
A rally toward $2 would approach the average cost of the cohorts carrying most of XRP’s realized value, giving the market a chance to show whether those coins remain dormant or move more actively as modeled losses shrink.
Glassnode’s Sept. 6 realized-cap snapshot placed over $39. 2billionin the six-to-12-month XRP cohortand $27. 5billion in the one-to-two-year cohort. Together, the two groups represented 72. 6% of the network’s realized capitalization.
Realized capitalization values each unit at the price when it last moved, mapping where the network’s embedded cost basis sits, while 시가총액 values every unit at today’s price.
The relatedsupply-by-age snapshotfrom Aug. 15 put 31. 36billion XRP (46. 22% of modeled supply) in the same two bands. Both breakdowns use addresses, which can represent individuals, exchanges, custodians, or other entities. Transfers and custody changes can also reset when coins last moved without marking a purchase.
Almost half of modeled supply belongs to age bands whose average realized prices are above $2, but the data cannot show that every unit or beneficial holder in those bands is underwater.
Glassnode’s Sept. 11 realized-price dataput the six-to-12-month cohort at $2. 02 and the one-to-two-year cohort at $2. 23. Realized price estimates a cohort’s average acquisition cost from the market price when its coins last moved.
Glassnodeplaced the three-to-six-month cohort near $1. 40, the one-to-three-month cohort at $1. 14, and the one-week-to-one-month cohort at $1. 28. WithXRP in the mid-$1. 40son Sept. 15, newer cohorts sat near or above their average costs, while the two groups dominating realized capital averaged below theirs.
Recent buyers have less distance to profitability, while a move toward $2 would bring a much larger stock of historical capital into the modeled breakeven zone.
암호화폐 Quantcontributor 암호화폐 Onchain reported that Binancereceived 91. 23million XRP and sent out 113. 91million XRP on Sept. 11, with both gross flows being six-month highs.
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출처: CryptoSlate