XRP Bearish Sentiment Grows as Selling Pressure Intensifies
Visit this link to make money with bitcoin and other cryptocurrencies. Receive daily altcoin signals with the best crypto trading startegy – https://telegram.me/freecryptosignalsdaily The current reading indicates that only 33 cents in realized profit is recorded for every dollar of realized losses. On-chain analytics firm Glassnode said XRP holders continue to realize more losses than profits, as a key indicator dropped to its lowest level since August 2022. The decline points to intensifying selling pressure as more holders move coins at a loss. According to the firm’s June 25 update, the 90-day simple moving average of XRP’s Realized Profit-to-Loss Ratio fell to 0.33 from 0.38 on June 9. The metric compares realized profits with realized losses from coins moved on-chain and helps measure the market’s overall profitability. Realized Profit-to-Loss Ratio Signals Deepening Capitulation A reading above 1 indicates that realized profits exceed realized losses, while a va...