Recently, there have been some important signals in the XRP market that are worth following for investors. The MVRV ratio has formed a death cross, which is a potential bearish indicator, meaning the short-term market capitalization to actual value ratio is below the long-term ratio. This phenomenon suggests that many holders may be facing losses, which could trigger more dumping pressure, leading to further pullback in prices.
At the same time, the trading volume of XRP has seen a noticeable decline, dropping by more than 23%, with the total amount falling to $4.83 billion. This data reflects
At the same time, the trading volume of XRP has seen a noticeable decline, dropping by more than 23%, with the total amount falling to $4.83 billion. This data reflects
XRP5.21%