"Decoding XRP: Price Predictions and On-Chain Clues"

1 min read
Source: AMBCrypto News
"Decoding XRP: Price Predictions and On-Chain Clues"
Photo: AMBCrypto News
TL;DR Summary

XRP has shown some gains but remains within a short-term range, with on-chain metrics indicating both buying and selling pressure. While signs of accumulation suggest a potential rally in the future, the token's inability to establish a higher timeframe uptrend and the prevalence of selling pressure raise concerns. The mean dollar invested age (MDIA) has declined, indicating a lack of accumulation, while a spike in dormant circulation suggests intense selling pressure and a lack of faith from holders.

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