XRP Showing Bullish Signal Amid Trader Capitulation, According to Crypto Analytics Firm - The Daily Hodl

The Daily Hodl
The Daily Hodl

28 Jun 2023 9:15 AM

XRP is in the middle of flashing a "slight bullish sign," according to the crypto analytics firm Santiment....

  • Santiment, a crypto analytics firm, suggests that XRP is displaying a slight bullish sign compared to other digital assets.
  • XRP is experiencing mild trader capitulation, while other assets are witnessing mild profit-taking.
  • Historically, coins that have a higher ratio of losses to profits have a higher likelihood of increasing in value.
  • XRP is currently trading at $0.483, with a 0.81% increase in the past 24 hours and a 1.36% decrease in the past seven days.
  • Bearish sentiment at the start of the week has historically been a bullish indicator for the market.
  • The largest non-exchange Ethereum (ETH) whales are accumulating XRP, reducing its supply on exchanges to 9.2%.

The sentiment in the article is generally positive, highlighting the potential bullish sign for XRP and the accumulation of XRP by Ethereum whales.

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You May Ask

What is the current trading price of XRP?How has XRP performed in the past 24 hours and the past seven days?What is the significance of coins moving at a higher ratio of losses to profits?Why is bearish sentiment at the start of the week considered a bullish indicator for the market?What is the current supply of XRP on exchanges?

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