XRP Price Rebound Fuels Bullish Sentiment Among Holders

XRP's price has been on an upward trajectory, rebounding by 28% from its macro low of $1.12. This significant increase has pushed the altcoin's price above the average cost basis of holders, making them profitable again.

The realized price, which is the average cost of all coins based on when they last moved, has been a crucial level for XRP. With the price now trading above $1.41, holders are no longer in the red, providing a bullish outlook for the market.

Historically, breaking above this level has shifted market sentiment from 'fear' to 'hope', reducing sell pressure and encouraging holding. The chart shows that when the price reclaimed its realized price after hovering below it for a few months in mid-2024, it rallied 460% to $2.90 from $0.52.