Ripple was moving ahead with Europe expansion plans despite the tussle with the SEC Long-term holders of XRP recorded less profits than short-term investors with little to no sign of noteworthy recovery It seems as though Ripple [XRP] was focused on moving ahead rather than remaining in a ceaseless legal battle against the U.S SEC. […]
According to data from the analytical platform Santiment, XRP’s network growth had fallen to 4,264 despite hitting a high of 9,827 on 13 November. At this condition, it implied that XRP found it hard to attract new addresses to the blockchain.The above data also portrayed the status of the Market Value to Realized Value short and long-term difference. At press time, the value of the MVRV short and long-term difference was -16.82%.
This meant that short-term holders were in higher profits than long-term investors. Hence, long-term holders might need to be tolerant of the crypto winter if they intend to make significant profits from the price drawdown.that recent XRP buyers might have bought the short-term top. This inference was due to the high value of the Realized Market Cap HODL waves, as it rose to 2.713. However, the stock-to-flow ratio decreased to 71,900 at press time.
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Going long on XRP? Here is what you should know before you jump inImmediate targets for long trades are at two Fib levels and $0.4465 Improved sentiment and development activity propping up XRP price Ripple (XRP) has shown mild bullish momentum on the lower timeframe charts. On the daily chart, XRP is facing four resistance levels to reach its October levels. At press time, XRP was trading at […]
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