‘Think Again’ Before Selling Your XRP; Expert Tells Investors
Crypto pundit Finance Bull has advised XRP investors against selling their holdings now despite the market downturn. This came as the pundit explained that the CLARITY Act could pass next year, which he predicts will positively impact the altcoin’s adoption. Why XRP Investors Should Think Again About Selling Their Coins In an X post, Finance […]
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On-chain data shows the Bitcoin long-term holder SOPR has recently observed spikes, suggesting that this cohort is still continuing to sell. Bitcoin Long-Term Holder SOPR Spiked Up When Price Crossed $30k As pointed out by a CryptoQuant post, selling pressure in the market still looks to be high as long-term holders are also looking to sell. The “spent output profit ratio” is an indicator that tells us whether the overall market is selling Bitcoin at a profit or loss right now. The metric works by checking the on-chain history of each coin being sold to see what price it last....
XRP has followed the broader rebound in crypto markets as geopolitical conditions appear to be easing. With the reopening of the Strait of Hormuz and the possibility—however uncertain—of progress toward an end to the Iran–US conflict, risk appetite has improved. In that environment, XRP has surged and briefly pushed toward the $1.51 level on Friday for the first time in almost a month, alongside a set of catalysts that could determine whether the rally gains real momentum—or quickly unwinds. The Timeline That Could Make Or Break XRP In his latest report, market expert Sam Daodu points out....
Data from Glassnode shows the recent selling from Bitcoin long-term holders has come from those who bought at more recent prices, and not the hodlers who got in during the 2017-2020 cycle. Bitcoin Long-Term Holders Have Been Selling At An Average Loss Of 33% As per the latest weekly report from Glassnode, the BTC long-term holder SOPR has had a value of less than one during recent weeks. The “spent output profit ratio” is an indicator that tells us whether Bitcoin investors are selling at a profit or at a loss right now. When the value of the ratio is greater than one, it means....
Market expert and software engineer Vincent Van Code has issued a direct warning that investors may soon lose the ability to buy native XRP through direct traditional retail channels. He outlined an upcoming shift in how the cryptocurrency will be accessed, pointing to a future where the altcoin is obtained only through institutional products. Why […]