XRP is experiencing an increased redistribution risk as multiple spikes in Age Consumed have been noted. Additionally, a 13% decrease in Mean Dollar Invested Age suggests that older tokens are being shifted.
Despite XRP’s impressive rise of 64% from $2.23 to $3.64, it has underperformed when compared to Ethereum, which achieved 50% growth during the same period.
With a total value locked contraction of 9.3 million USD in the XRPL, XRP’s $3.15 support zone becomes critical. If buyer demand weakens, the price might come under pressure.
Leave a Reply