XRP decreased to less than $ 2, and decreased by 17 % during the past week. However, despite the declining direction, the data on the chain indicates an increase in the network activity, which raises questions about the basic market morale.
With a final suspended decision regarding the expected Ripple lawsuit after a month, on April 16, the XRP community may be despite the total economic recession.
The active headlines XRP have multiplied three times within two weeks
According to data on the series from GlassnodeFrom February 21 to March 10, the active XRP number includes more than three times.
On February 21, XRP 89,606 had active titles, but by March 2, this number rose to about 543,000.
Although there is a slight decline after that, the active headlines rose to 531,000 on March 7. As of March 10, XRP still maintains more than 370,000 active addresses – above its previous levels.
Meanwhile, XRP exchange flows from Binance have decreased significantly. On March 7, more than $ 465 million left XRP Binance, which represents the highest daily flow in one month.
However, in the past three days, external flows have decreased sharply, indicating a slowdown in the widespread clouds of the stock exchange.
The difference between price work and network activity raises major questions about market morale.
The increase in active addresses usually indicates an increase in the user’s participation, indicating an increase in demand or increased volume of transactions.
However, low external flows may indicate a decrease in accumulation or frequency between investors to transfer assets outside the central platforms. This is often explained as uncertainty about the price direction.
Some analysts argue that the decrease in XRP prices, despite the participation of the flexible network, can indicate the trading of speculative in the short term rather than the primary weakness.
Meanwhile, the decrease in external flows may indicate merchants who hold their origins instead of going out.
However, without collecting similar prices, it indicates a balance where buyers or sellers have a decisive advantage.
While the data reveals a strong activity on the Professor XRP book, the market remains on a state of flow.
Whether this increasing post translates into future prices or still should be seen.
Disintegration
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