The cryptocurrency market has struggled to regain its explosive momentum from late 2024, with major assets like Bitcoin and XRP trading close to their opening prices. While some altcoins have plummeted, XRP has managed to maintain a slight year-to-date gain of 2%, demonstrating resilience despite unfavorable market conditions.
XRP Outperforms Major Altcoins in Mid-Term Profitability
Data from Glassnode reveals that XRP is one of the few cryptocurrencies that has remained profitable for mid-term holders, specifically those who acquired the asset between December and January. Despite a sharp drop from its January peak of $3.399, XRP holders within the three to six-month holding period are still in unrealized profit of approximately 11%.
📊Are Top Buyers in Profit or Pain?
— glassnode (@glassnode) May 6, 2025
Comparing current prices to the cost basis of euphoric buyers (Dec ‘24–Jan ‘25) reveals mid-term sentiment:
🟣 SOL: $146 → 28% loss 🟥
⚫ XRP: $2.14 → +11% profit 🟩
🔵 ETH: $1.8K → -36% loss 🟥
🟠BTC: $95K → -1% loss 🟥
📉Price… pic.twitter.com/i5snu7Re7O
In comparison, other major cryptocurrencies have suffered significant losses in the same timeframe. Solana, trading at $146, is down 28% relative to its cost basis for mid-term holders, while Ethereum’s $1,800 price is 36% below its average purchase price for the same cohort. Meanwhile, Bitcoin’s slight drop to $95,000 has kept some mid-term holders at break-even, with a recent rally past $96,000 bringing minor relief.
Also Read: XRP: Overvalued but Not Out – Expert Warns of Bearish Trend Amid Plunging Network Activity
Market Sentiment Remains Cautious as Bitcoin Hovers Below Key Levels
Despite its recent rebound, Bitcoin remains under pressure, struggling to break past the critical $97,000 resistance level. Glassnode’s analysis suggests that the broader market’s inability to surpass the three to six-month cost basis underscores prevailing bearish sentiment. However, on-chain data from Santiment indicates that whales have accumulated over 81,000 BTC in the past six weeks, hinting at optimism for a potential breakout.
Meanwhile, macroeconomic factors such as ongoing US-China trade negotiations and possible quantitative easing could serve as tailwinds, potentially igniting a market-wide recovery. Nevertheless, XRP’s mid-term outperformance positions it as a promising asset amidst an otherwise weak market landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
