XRP saw a surge in activity on its network, with Active Addresses rising 654. 71%. That growth added a new layer to the price recovery by showing stronger network participation.
The Total Active Addressesincreased from 47, 180 to 356, 070, signifying a significant growth in network engagement.
This rapid growth strengthened the activity supporting XRP’s recovery rather than leaving price gains isolated from network usage.
Besides, the surge in participation also provided a larger potential user base for engaging with XRP in the recent price rally.
그러나 활성 주소만으로는 참가자가 XRP를 축적하고 있는지, 아니면 기존 보유 자산을 이전하고 있는지 확인할 수 없습니다.
The token’s price action added some context as XRP’s price surged significantly with the expanding network engagement.
Bullish positioning by top traders on Binance complemented the exceptional growth in XRP network activity. Top traders’ positioning in long accounts was 74. 26%, compared to 25. 74% in short accounts.
The Long/Short Ratiocame in at 2. 89, indicating a significant imbalance in the exposure of larger Binance traders favoring the bulls. Notably, long positioning was dominant throughout the recovery period, despite the fluctuations of the account ratio.
이러한 포지셔닝은 네트워크 참여가 증가하고 XRP가 인근 저항을 돌파함에 따라 투기적 지원을 추가했습니다. 그러나 집중된 장기 노출로 인해 레버리지 트레이더가 포지션 마감을 시작하면 급격한 반전 위험도 증가했습니다.
그럼에도 불구하고 추적된 상위 계정의 거의 4분의 3이 장기 노출을 유지했기 때문에 포지셔닝 데이터는 구매자에게 유리했습니다.
Combined with expanding addresses, traders had positioned for further upside rather than aggressively fading XRP’s recovery.
In addition to trader positioning, XRP’s network valuation metric brought an additional positive piece to the positive demand outlook. The NVT ratio dropped 59. 72% over 24 hours reaching 109. 5728, according to 암호화폐 Quant.
원문 제목: How high can XRP rally after a 654.71% activity surge? Assessing…
XRP saw a surge in activity on its network, with Active Addresses rising 654.71%. That growth added a new layer to the price recovery by showing stronger network participation.
TheTotal Active Addressesincreased from 47,180 to 356,070, signifying a significant growth in network engagement.
This rapid growth strengthened the activity supporting XRP’s recovery rather than leaving price gains isolated from network usage.
Besides, the surge in participation also provided a larger potential user base for engaging with XRP in the recent price rally.
However, Active Addresses alone could not confirm whether participants were accumulating XRP or transferring existing holdings.
The token’s price action added some context as XRP’s price surged significantly with the expanding network engagement.
Bullish positioning by top traders on Binance complemented the exceptional growth in XRP network activity. Top traders’ positioning in long accounts was 74.26%, compared to 25.74% in short accounts.
TheLong/Short Ratiocame in at 2.89, indicating a significant imbalance in the exposure of larger Binance traders favoring the bulls. Notably, long positioning was dominant throughout the recovery period, despite the fluctuations of the account ratio.
That positioning added speculative support as network participation increased and XRP broke through nearby resistance. However, concentrated long exposure also increased the risk of a sharper reversal if leveraged traders began closing positions.
Still, positioning data favored the buyers as almost three-quarters of the tracked top accounts held long exposures.
Combined with expanding addresses, traders had positioned for further upside rather than aggressively fading XRP’s recovery.
In addition to trader positioning, XRP’s network valuation metric brought an additional positive piece to the positive demand outlook. The NVT ratio dropped 59.72% over 24 hours reaching 109.5728, according toCryptoQuant.