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via CoinDesk · By CoinDesk Staff
XRP market shows signs of capitulation as holders sell at loss
XRP
XRP/USDT
$1.4056
-3.26%
$1.4056
-3.26%
(24s)24h Volume
$1,649,734,507.07
24h H/L
$1.4567 / $1.3836
Change: $0.0731 (5.28%)
Long/Short
73.7%
Long: 73.7%Short: 26.4%
Funding Rate
-0.0006%
Shorts pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(08:24 AM UTC)
1 min read
XRP holders are capitulating, according to data tracked by Glassnode. That suggests a bottom may be near.
XRP holders are increasingly selling at a loss in a textbook sign of market capitulation.
The 90-day moving average of XRP’s realized profit-to-loss ratio has plunged to 0.38, according to data tracked by Glassnode.
That means for every $1 of losses investors are realizing right now, they are…
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