Journalist
- Despite sizeable gains since November, the daily chart revealed a bearish price structure
- Long-term holder unrealized profit/loss metric revealed similarities to the 2021 cycle top
The on-chain signals behind the strong XRP ($2.19) gains in the past six months have been mixed so far. The supply in profit was high, as expected, but the sentiment behind the token was negative.
In fact, the net unrealized profit/loss revealed similarities to April 2021 and this could be eerie for the bulls.
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