Some on-chain data on the Ripple network could be a bullish signal for XRP.
On-chain analytics platform Santiment was released on social media on January 3rd. published by In a report, the last data on the Ripple network is in XRP. to a strong bull market He suggested he could point it out. In the report, XRP whales general movements, funding rates, profit and loss ratios of long-term investors and short-term investors It was discussed.
Santiment first appears on its balance sheet. 1,000,000 to 10,000,000 He studied the movement of wallets with XRP. the assets of the respective wallets in the last six months. 25% by increasing to 4.09 billion XRP It is stated that this accumulation acceleration is generally market bottoms underlined that.
Santiment measures the difference between the cost of an asset and its real market price. MVRV of the metric in a 30-day period approximately 7% negative claimed it was. While he stated that investors are currently at a loss of about 7%, this situation is to the loss of investors. refuse to sell and your prices to rise It was noted that the cause of
Another metric that Santiment looks at is MVRV Long/Short Difference it happened. This metric measures the difference between the MVRV rate of long-term investors and the MVRV rate of short-term investors. the rise of bull to the market allegedly indicated.
Santiment also noted that the sentiment towards XRP has increased over the past two months. negative watching, but the price has changed from this situation. not affected stated. Santiment of vendors that you are exhausted a sign As a result of this situation, which may occur, the price may be due to the insufficiency of the seller. can rise expressed.
Santiment, on the other hand, is the Binance funding rate for XRP. negative you’re watching However, the price movements of this metric, which is closely related to the behavior of investors, TRUE prediction that you may not expressed.
