XRP is trading at $1.48 and remains above its realized price, a key on-chain level that reflects the average acquisition cost of holders. When the spot price stays above that line, most holders are still in profit. That has remained true even after the latest pullback.
According to Glassnode, realized price has been rising alongside market price. That points to fresh capital entering the market while older coins are being repriced at higher levels. The recent retracement did not push XRP below the aggregate cost basis, so the pullback has not yet erased holder profitability across the network.
XRPL climbs in tokenized real-world assets
The XRP Ledger has also moved up the rankings in tokenized real-world assets. The report says XRPL is now the fourth-largest blockchain by tokenized RWA value, with $1.4 billion on the network after a 266% increase over the past month. That growth rate was described as faster than Ethereum and Polygon.
Ripple’s Luke Judges later said the figure had already doubled to $2 billion, adding that RWA.xyz was still catching up because of indexing delays. He said the team had a clear strategy and that the results are now starting to show. Based on the source material, that makes RWA expansion one of the clearest fundamental shifts around XRPL right now.
Cost-basis structure echoes an earlier setup
The source also places the current market structure in a longer historical pattern. During the 2017–2018 rally, XRP traded well above realized price as speculative activity accelerated. In 2018–2019, price fell below realized price and many holders were left underwater. XRP moved back above the level in 2021, then slipped under it again in 2022.
From late 2022 into 2024, realized price kept rising even while the market moved sideways, indicating ongoing accumulation. At present, investors in the 1 week to 1 month cohort are accumulating below the cost basis of holders in the 6 to 12 month cohort. The article compares that setup to February 2022. Shorter-term buyers entering below the cost of earlier buyers can increase pressure on overhead holders while also signaling demand building at lower levels.
With XRP still trading above realized price and XRPL’s tokenized RWA value expanding sharply, the current setup is being driven by both price resilience and measurable growth on the ledger itself. From the material provided, those are the two main signals: most holders remain in profit, and asset activity on XRPL is rising at the same time.