Altcoins News
By Sakamoto Nashi
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XRP Price Nears $2.90 After Breaking Resistance. At the time of writing, XRP is trading around $2.89, reflecting strong momentum fueled by ETF…
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98% of XRP Holders Are in Profit — A Double-Edged Sword. On-chain data from Glassnode reveals that more than 98% of all XRP holders are currently in profit.
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Exchange Inflows Spike: Over $1.47 Billion in XRP Transferred. Perhaps the biggest red flag comes from the sudden surge in XRP balances on centralized exchanges.
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Support and Resistance Levels to Watch. From a technical analysis standpoint, XRP has already flipped the $2.
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ETF Optimism vs. Market Caution. The current XRP price surge is largely attributed to growing anticipation surrounding a potential…
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Conclusion: Temporary Setback or Start of Correction?. While XRP’s fundamentals and ETF-driven narrative remain strong, short-term indicators suggest…
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XRP has seen a strong bullish run recently, gaining nearly 27% over the past week and breaking through a major resistance level at $2.725.
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However, on-chain data reveals an emerging shift in market dynamics. A massive inflow of XRP to exchanges and high levels of unrealized profit among holders are raising concerns…
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At the time of writing, XRP is trading around $2.89, reflecting strong momentum fueled by ETF expectations and overall market sentiment. The recent breakout above $2.
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The next major resistance is at $2.949, a level that could determine the immediate trajectory of XRP. A clean break above this could push the token toward new highs.
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While this is bullish from a macro perspective — as it indicates strong holding conviction — it also introduces short-term risks.
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The “Supply in Profit” metric simply tracks the percentage of the token’s supply currently worth more than its acquisition cost.
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Perhaps the biggest red flag comes from the sudden surge in XRP balances on centralized exchanges. According to on-chain metrics, the exchange-held XRP supply has ballooned to 3.
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This increase represents an inflow of more than 519 million XRP (worth approximately $1.47 billion) since June 23, coinciding with XRP’s sharp rally from $2.16 to $2.83.
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Spikes in exchange balances often precede sell-offs. When more tokens are transferred to exchanges, they are typically made available for trading or liquidation — a clear…
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