Alphractal has conducted an analysis of the latest on-chain data regarding XRP, revealing signs of market instability linked to short-term selling.
Short-Term Investor Selling
According to Alphractal, short-term investors have started selling their XRP assets. The Short-Term Investor Active Supply Ratio indicates that holders who recently acquired tokens are reducing their positions, contributing to additional selling pressure in the market.
Profit and Loss Indicators
The Unrealized Net Profit/Loss (NUPL) indicator has reached its highest levels since 2021. Alphractal notes that such levels often signal periods of correction or distribution in the market, creating additional risks for investors.
Speculative Growth and Its Implications
The analysis also shows a positive trend in the Delta Growth Rate indicator, indicating that price increases are currently outpacing on-chain fundamental growth. This may suggest that speculative inflows are still dominant, raising concerns about potential corrective movements ahead.
Thus, Alphractal concludes that XRP is in a sensitive period, where short-term selling, peak NUPL levels, and prevailing speculation may lead to impending changes in the market.
