$XRP One of the key indicators of the current shift has been the ratio of XRP purchases to sales in the futures market. Yesterday, the ratio closed in the green zone. According to CryptoQuant, this happened for the first time since July 10 and confirms a likely positive shift in market sentiment.
Values above one indicate a predominance of purchases, while values below indicate a predominance of sales. In the case of Ripple, there is a decrease in selling pressure in the futures market. This indicates a weakening of bearish sentiment among traders. If the trend continues, it could support price growth.
Another important trend is the steady decline in the liveliness metric for XRP since the beginning of August. According to Glassnode, the figure on August 3 was 0.8150, down from 0.8152 recorded on August 1. The indicator tracks the movement of previously dormant tokens. Its decline suggests that long-term holders, typically the most resilient market participants, are moving or selling their coins less frequently. This may indicate that profit-taking is slowing down and key holders are returning to accumulation after a selling period.
