XRP’s path back to $2 now hinges on whether the Senate passes the CLARITY Act

Nearly 75% of XRP’s realized capitalization is concentrated in coins that last moved six months to two years ago. Their average realized prices start above $2, leaving the market’s largest cost-basis cohorts below their modeled entry levels while XRP trades in the mid-$1.40s.A rally toward $2 would approach the average cost of the cohorts carrying most of XRP’s realized value, giving the market a chance to show whether those coins remain dormant or move more actively as modeled losses shrink.A concentrated cost zone sits above XRPGlassnode’s Sept. 6 realized-cap snapshot placed over $39.2 billion in the six-to-12-month XRP cohort and $27.5 billion in the one-to-two-year cohort. Together, the two groups represented 72.6% of the network’s realized capitalization.Realized capitalization values each unit at the price when it last moved, mapping where the network’s embedded cost basis sits, while market capitalization values every unit at today’s price.The related supply-by-age snapshot from Aug. 15 put 31.36 billion XRP (46.22% of modeled supply) in the same two bands. Both breakdowns use addresses, which can represent individuals, exchanges, custodians, or other entities. Transfers an...