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XRP’s unusual token activity – Assessing its potential market impact

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In less than two weeks, XRP's Age Consumed metric has resurrected from major lows three times. The first time was on 16 May when the metric..

Age Consumed metric has resurrected from major lows three times. The first time was on 16 May when the metric spiked to 214.86 billion.

According to data obtained from Santiment, XRP’s exchange inflows were 211,00. Exchange inflows measure the number of tokens sent from external wallets to exchange addresses. All in all, the short-term forecast seemed to indicate that the token might remain in a tight trading range. In the meantime, the Market Value to Realized Value ratio showed that more XRP holders have become profitable of late.

 

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