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Strike Gold by Sharing Your TradFi Orders and Pictures!
Post on Gate Square and split $10,000 in rewards!
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$XRP rally cools as on-chain metric signals profit taking.
The Spent Output Profit Ratio (SOPR) on-chain metric, computed by dividing realized value (price sold) and the value of XRP at creation (price paid), is resetting. Glassnode data shows the metric at 1.05 as of Tuesday, down from 1.08 the previous day.
As the SOPR declines, it indicates that investors are selling and realizing profit, and in the process adding to the headwinds. Further decline below the mean line at 1.00 would mean XRP is oversold, creating fresh opportunities for investors to lean into risk.