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via CoinDesk · By CoinDesk Staff
XRP market shows signs of capitulation as holders sell at loss
XRP
XRP/USDT
$1.099
+0.61%
$1.099
+0.61%
(24s)24h Volume
$361,871,568.18
24h H/L
$1.108 / $1.0855
Change: $0.0225 (2.07%)
Long/Short
75.3%
Long: 75.3%Short: 24.7%
Funding Rate
+0.0014%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(08:24 AM UTC)
1 min read
1116 views
0 commentsXRP 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…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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