CandleFocus XRP on-chain metrics show bulls still in control despite the price correction
2024-12-05
Author: Content Editor
XRP has experienced a significant drop in price after a rally in November, but on-chain metrics suggest that bulls are still in control. The drop could be a healthy market correction, and on-chain data shows optimism for XRP's future. XRP's funding rate has increased, indicating that the market is not overly bullish and there is room for further growth. The weighted sentiment remains low, suggesting that current holders are confident in the token's long-term prospects. Technical analysis also suggests potential upside for XRP in the future.
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