XRP Price Faces Resistance Amid Persistent Positioning Imbalance

XRP's recent price action has been characterized by sustained weakness, with the cryptocurrency currently trading near $1.3. This decline follows its failure to reclaim levels above $2.

According to data from Glassnode, the current pricing issues are linked to an imbalance in positioning. Heavy retail inflows during the 2025 rally towards $3.66 led to an expansion of short-term holder exposure, which is now driving reactive selling pressure.

The realized losses over this period have been substantial, consistently ranging between $20 million and $110 million per day. Moreover, these losses are concentrated within newer cohorts, indicating forced exits rather than strategic rotation.

XRP's current price remains below the $1.43 realized level, with approximately 56% of its supply still underwater as a result of this overhang.