XRP metric echoes setup that preceded 68% price fall
A bearish signal from XRP’s cost-basis metric projected a major price drop, fueled by a weakening technical structure and spot ETF outflows. Will bulls defend critical price support?
XRP’s (XRP) onchain market structure resembles a setup that led to significant losses in 2022 after the price lost a key support level.
Key takeaways:
XRP’s onchain structure mirrors the February 2022 setup that led to a 68% price drop.