XRP Bulls Coming In Signals On-Chain Data
XRP News: The global digital market had a good run last week as the biggest of the cryptos like Bitcoin (BTC) and Ethereum (ETH) prices jumped by over 12% and 8%, respectively. However, Ripple’s native crypto, XRP, seems to be the only major token that printed a red index amid the recent rally.
Also Read: Why XRP Lawsuit Verdict Is Taking So Long?
XRP Price Flashes Slight Bullish Signs
XRP price is rallying on an upward trend supported by positive updates coming in favor of Ripple and defendants against the U.S. Securities and Exchange Commission (SEC). XRP price is up by 42% on the year to date (YTD) basis. However, it registered a minor correction in the last 90 days, dropping by around 12%.
On-Chain data presented by Santiments suggests that the biggest of the crypto assets are ranging to start the week. On the other hand, XRP remains the only big crypto that is depicting slight bullish signs ahead.
This is due to mild trader capitulation as tokens moving at a greater ratio at a loss compared to profit hold a higher chance of a price surge. Data suggest that XRP is registering more transactions at a loss than profit this week compared to the other cryptos. Read More XRP News Here…
Also Read: Ripple Legal Chief Has A Tip For “Bears” On Crypto Rules
XRP price dropped by around 2% in the last 7 days while Bitcoin and Ethereum price jumped by over 13% and 8%, respectively. XRP is trading at an average price of $0.479, at the press time. However, its 24 hour trading volume is up by 16% to stand at $924 million.
Crypto analyst Ali Charts spotted a spike in network activity of XRP over the past few days. He suggested that on the last three instances XRP price registered a jump when a spike in the number of active addresses.
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