Ripple’s transfer of $438 million XRP has caused panic in the market about a potential sell-off. Despite concerns, XRP remains stable at a price of $2.16.
The MVRV Ratio is high at 195%, which may prompt profit-taking as confidence slips, yet a drop in exchange reserves by 3.31% indicates reduced selling pressure.
XRP’s DEX volume surged over 770%, showing increased trading activity, while network growth declined. Upcoming price actions will be crucial in determining whether XRP can break out of its current price pattern.
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