XRP’s holder mix is starting to look like early 2022, with fresh demand coming in below the cost basis of longer-term wallets, Glassnode said.
XRP pattern echoes Feb. 2022, putting recent buyers under pressure
XRP’s holder mix is starting to look like early 2022, with fresh demand coming in below the cost basis of longer-term wallets, Glassnode said.
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Implied volatility indexes suggest moderate price swings in major cryptocurrencies like bitcoin and ether, with larger changes in XRP and SOL.
Data, however, show no uptick in Runes protocol on chain metrics as of Monday. Onchain metrics typically follow social activity and narratives, with prices leading afterward.
Traders see $0.124 as a near-term line in the sand, with a failure there risking a slide toward the $0.123 to $0.122 area.
Bitcoin (BTC) was rising on Tuesday as the crypto market continued its rebound from last week's fear-inducing plunge.