XRP Nears Overbought Levels Amid Dormancy Flow Rise, Suggesting Possible Pullback Ahead
2025-07-11 11:59:36
Main Idea
XRP's price has surged nearly 30%, but rising Dormancy Flow and overbought RSI levels suggest a potential correction as long-term holders may take profits.
Key Points
1. XRP's price has risen by almost 30% since June 22, currently trading at $2.58.
2. Dormancy Flow has increased to 1.19, indicating long-term holders may be moving coins, signaling potential profit-taking.
3. XRP's RSI is at 72.95, above the overbought threshold of 70, suggesting a possible price correction.
4. Net Unrealized Profit/Loss (NUPL) metric is at 0.56 and rising, increasing the likelihood of selling pressure.
5. If demand stalls, XRP's price could decline, but continued buying pressure might push it toward $2.65.
Description
XRP has surged nearly 30% since June 22, driven by renewed market interest, but faces potential pullback risks. The Dormancy Flow metric signals increased selling by long-term holders, hinting at
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