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XRP price bulls advance toward $3.00, but on-chain data calls for caution
Ripple (XRP) extends its recovery in tandem with major cryptocurrencies, trading above $2.80 on Friday. The prevailing technical structure reinforces XRP's bullish case and upholds the potential to rally above the critical psychological resistance at $3.00. Meanwhile, on-chain data shows signs of a potential weakening of the uptrend as investors take profits or send XRP to exchanges in preparation for selling. Understanding the forces behind metrics like Exchange Balance and Total Supply in Profit could help provide a holistic view of the direction XRP is taking, particularly now when risk-on sentiment is increasing. ... (full story)
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