hit its highest levels of daily on-chain transaction volumes in profit, since 26 May. This was evident from the ratio of transactions in volume to loss.
When the reading is below 1, it means that there are more transactions in loss than in profit. At press time, the ratio was 2.016. This means that for every transaction that ended in a realized loss, there were two more in realized profits.The hike was a result of XRP’s price performance. On 28 June, the price of the token hit $0.48 on the charts. However, at press time, the token had dropped to $0.47 again.
Though the rise in profit-taking is a good thing for holders, it is not the same for the price. This, because an increase in gains booked couldthe metric spiked, the price fell soon after. This time, it might not be different. If this is the case, the value of the altcoin might drop to $0.46 within a few days.Furthermore, AMBCrypto examined the Market Value to Realized Value ratio. This metric also measures holders’ profitability.
At press time, XRP’s 30-day ratio was -5.45%. Usually, a negative ratio means that the average XRP holder is at aHistorically, good buying opportunities appear when the metric is between -8.59% and -18.63%. As such, the price of the token could go lower before a rebound happens. Thus, the prediction to $0.46 seems feasible. However, it is important to note that invalidation might occur if a broader altcoin rally begins. If this is the case, the value of the crypto could retest $0.48.at the project’s Network Growth. As the name implies, Network Growth measures traction on a network. It also measures the adoption of a token. If the number of new addresses making their first transaction increases, Network Growth hikes.