Here's an assessment of XRP's on-chain chances of climbing further. From the technical angle, the token looked ready.
The metric describes the level of discussion around an asset of social platforms, and industry media. Thus, the hike implies that XRP has been gaining a lot of attention. Even so, the weighted sentiment, which considers investors’ acumen retracted to the negative region.This was after a five-day stint above the red zone. But the drop suggests that the broader market was no longer in high spirits regarding an XRP upward movement.Another aspect to evaluate is the volume.
This infers that there was market strength behind the XRP price action. So, if the volume continues in theAs per the funding rate, traders seem to beCalculated based on the difference between the perpetual and spot prices, a negative funding rate means shorts are willing to pay longs to keep the contract positions.Therefore, XRP’s rise to the $0.60 region could occur in the short term.
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