XRPs Bullish Signal Amid Trader Capitulation: Crypto Analytics Firm Reveals

By Lola Coin Jun 28, 202361Views

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Crypto analytics firm Santiment has identified a “slight bullish sign” for XRP, noting that the digital asset is experiencing mild trader capitulation compared to other cryptocurrencies that are seeing profit-taking. The firm explains that historically, coins that have a higher ratio of losses to profits are more likely to increase in value. XRP is currently trading at $0.483, up 0.81% in the past 24 hours but down 1.36% in the past week. Santiment also highlights that at the start of the week, crypto traders were feeling bearish, which has historically been a bullish indicator for the market. Additionally, the firm reveals that non-exchange Ethereum (ETH) whales are accumulating the second-largest cryptocurrency, resulting in a decrease in ETH supply on exchanges to 9.2%.

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