, on 20 July, there was a significant spike in the number of unique addresses transacting the XRP token. Similarly, on the same day, a significant volume of previously dormant tokens changed addresses as the token’s age consumed rose to a massive high of 854.32 billion. This represented the highest level the metric has marked since December 2020.Since 12 July, the price of the XRP has embarked on an uptrend.
Interestingly, despite the token’s bearish outlook, investor interest appeared to have been sustained on a daily chart. XRP’s Relative Strength Index was spotted in a rising slope at 55.66 at press time. With a steady increase in buying pressure, the token’s Money Flow Index was in an uptrend at the time of writing.With 158,740 unique addresses, the index for the daily active addresses that traded XRP tokens grew by over 500% on 20 July. By 21 July, this rose to a high of 169,560 addresses.
In addition, the last three days have been marked by a gradual decline in the number of new addresses created on the XRP network. At 1461 addresses at the time of press, a 13% decline has been logged in the three-day period under review.Further, with decreased trading activity since July 20, the aggregate amount of XRP tokens across all transactions completed in the last three days has dropped from 3.07 billion to 167.88 million. In USD, this was a decline from $1.14 billion to $60.
FUD alert ⚠️
Sei sicuro di quello che dici?
You have not interviewed a single XRP holder. If you did, you'd realise that no one is reconsidering their holdings, short term price action does nothing for long term holders
FUD
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Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »