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via CoinDesk · By CoinDesk Staff
XRP market shows signs of capitulation as holders sell at loss
XRP
XRP/USDT
$1.5544
+1.77%
$1.5544
+1.77%
(24s)24h Volume
$3,105,935,112.87
24h H/L
$1.63 / $1.5265
Change: $0.1035 (6.78%)
Long/Short
72.5%
Long: 72.5%Short: 27.5%
Funding Rate
+0.0042%
Longs 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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