🔍 XRP On-Chain Data Analysis Indicates a Critical Market Period
The analysis company Alphractal has revealed new data indicating investor behavior regarding XRP.
The active supply ratio index for short-term investors shows that new investors have started selling amounts of XRP.
There is selling pressure resulting from profit-taking and loss-cutting, which increases the selling state in the market.
The unrealized profit and loss index (NUPL) has reached its highest levels since 2021, similar to levels we saw in 2018, which often preceded periods of correction or distribution in the market.
The delta growth rate index shows a positive increase, indicating that price increases are outpacing the growth of the underlying value on-chain, which is evidence of speculative flow dominance.
These combined indicators suggest that XRP is going through a sensitive period that could be the beginning of a correction or a waiting phase in the market.
In summary:
Investor behavior and on-chain data indicate that XRP may face a correction or stabilization after a period of strong speculative growth, necessitating caution and continuous monitoring.
This is not investment advice.
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