XRP flashes signs of growing investor confidence, because more than 80% of its supply in total circulation is now in profit. The negotiating token currently around $ 2.20, most of the holders are sitting on gains, reflecting a solid investor base that is rather than panic.
According to Glass knotThe XRP price jumped above $ 2, more than three times its price before the start of the net rally in November 2024. The first investors who accumulated before escape are now on gains of more than 300%. In early June, the first holders began to make profits at an average pace of $ 68.8 million per day (SMA of 7 days). This suggests a clear wave of distribution by long -term carriers, probably locking the gains after the massive rally.
XRP ATH Prize to come soon?
Adding to optimistic prospects, the XRP financing rate has become positive, seated at 0.0053%. This means that traders on the term markets are mainly bets on XRP to go higher and are ready to pay fees to maintain long positions. A positive financing rate generally signals a bullish feeling, with more long traders winning it over the open sellers, currently more than 3 to 1.
Interestingly, chain activity has cooled, with daily active addresses and the remaining volume less than $ 1 billion. However, it is not necessarily a negative aspect. Fewer active addresses may indicate that long -term holders choose to sit tight rather than sell, often a sign of belief at higher prices to come. This kind of calm phase can sometimes be calm before a big movement.
XRP’s open interest in the long -term market has also increased to $ 2.8 billion, reflecting a large number of open contracts. When combined with the long / short ratio of 3.10, it is clear that the majority of traders are betting on price increases. Over 75% of all open positions are long.
XRP surpasses ETH in the metrics to profit
Compared to Ethereum, where only 61% of the offer is in profit, XRP is in a stronger technical position. This profit gap could make a big difference for investors trying to decide or then allocate capital.
On short deadlines (5 minutes, 30 minutes and 1 hour), the long / short ratio of XRP remains greater than 3.0, suggesting a lean persistent bullish. If the momentum continues and the external catalysts align, XRP can soon be ready for a significant price movement.
Upcoming XRP price breakout
Cryptographic analyst Doctor called XRP “one of the most beautiful graphics at the moment”, emphasizing what he considers a massive purchasing configuration on the cash market. It remains very optimistic, predicting that XRP could reach $ 4 this year. Having previously experienced major movements at $ 0.15, $ 0.38 and $ 0.50, he doubles the asset escape potential, saying that he will “stop” to support XRP while greater movements are found.