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