XRP has fallen by 9% since January 16 reached its record of $ 3.41, which caused a sustainable increase in sales that led to its price.
With the growth of profit, XRP is likely to experience the impulse on the near future.
XRP traders score profits, puts pressure on the price
Indications in the chain from the XRP network implemented a profit/loss (NPL) confirm a surge in making a profit. According to the centimepers, this indicator constantly returned positive values in the last week, which indicates that XRP holders are selling their tokens to make a profit.
The NPL coin measures the difference between the price at which the asset was last postponed or sold and the current market price. He tells us how profit or loss is “realized” by its owners.
When the NPL asset is positive, more investors are sold with profit than in losses. This sale often leads to an increase in the supply in the market, which can lead to a drop in the price of the asset if the demand does not correspond to the sale.
In addition, the balance of the growing exchange flow XRP confirms the increase in the sales of tokens over the past week. According to Santiment, this grew by 105% from January 17, the day after XRP rose to a new record high level.
The metric of the balance of the exchange flow of the asset monitors the pure movement of the asset on the exchange and beyond, helping to evaluate the general mood of the market. When a metric spike like this indicates an increase in deposits. This often suggests that traders are preparing for sale, exerting downward pressure on the price of the asset.
XRP price forecast: will it push it to $ 2.45?
During the press, the XRP is traded at a price of $ 3.09. If the sales are saved, the cost of the third largest crypto -active can fall in the amount of $ 2.45, where strong support lies.
On the other hand, if investors reduce profit, the price of XRP can bounce and try to regain all the time.
