XRP Defies Crypto Slump as Holders See Gains Despite Market Turmoil

The ongoing crypto market downturn has put major investors under pressure, with most top cryptocurrencies showing signs of weakness. According to Glassnode, on-chain data reveals that buyers who entered during the December 2024 to January 2025 rally are largely in the red—except for those holding XRP.

Despite recent price drops, XRP holders from the last three to six months have managed to stay in profit. The cost basis for these "euphoric buyers"—investors who entered at peak sentiment—was $2.14, and XRP has since gained 11% from that level. In contrast, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have all slipped below their respective euphoric entry points.

BTC, currently trading just 1% below its $95K cost basis, remains near break-even, while ETH and SOL have dropped significantly—down 36% and 28%, respectively. These declines have left many mid-term holders unable to realize profits, reflecting growing bearish sentiment in the broader crypto market.

CoinGlass, in a recent post, echoed this shift in sentiment, noting that mid-term holders are facing mounting losses. Despite XRP's short-term decline of 6.39% over the past week, it stands out as the only major altcoin offering gains for its euphoric buyers.

Data from CoinMarketCap further confirms that BTC, ETH, and SOL have recorded weekly losses of 0.18%, 1.53%, and 2.82%, respectively. While the market still holds breakout potential, analysts warn that unless prices recover above cost basis levels, investors may face further downside risk.

The divergence in performance highlights XRP’s relative strength and resilience in a weak market, offering a rare bright spot for crypto investors.