The post Investors Bet on XRP Recovery as Accumulation Trend Strengthens appeared on BitcoinEthereumNews.com.

The 30-day MVRV ratio suggests XRP may have bottomed, potentially setting the stage for a significant price rebound based on historical patterns. While spot market activity builds, XRP’s derivatives market shows hesitation, with open interest falling by over 30% and funding rates remaining negative. XRP price has risen by 2% in the initial Asian trading session on Thursday as investor accumulation trends continue to get stronger, with derivatives activity muted. On-chain metrics indicate that market participants are preparing for a potential price recovery. XRP Investors Ramp Up Accumulation Amid the crypto market decline on February 3, holders of XRP have changed their strategy, with a greater predisposition toward accumulation. On-chain statistics reveal a drop in selling pressure, as measured by the Mean Coin Age indicator pointing upwards. The indicator, which shows the average time for XRP tokens to stay in wallets they are in, has been increasing. As mentioned in our previous story, it shows that investors are holding onto their coins instead of transferring them to exchanges for sale.  Also, the 30-day MVRV ratio indicates that XRP could have hit a potential bottom after falling to -17% last week. Historically, similar readings in the metric have led to significant price rebounds, with XRP rallying more than 60% the previous time the MVRV ratio hit such levels. If history repeats itself, the token may witness a significant price surge in the near future. Source: Santiment Derivatives Market Registers Slipping Activity While posting building activity in the spot market, the derivatives market of XRP shows a more subdued attitude from traders. Open interest—measured by the number of active contracts—has plummeted, slipping more than 30% from 2.05 billion XRP to 1.42 billion XRP. Negative funding rates over the last few days also show that futures traders are hesitant to place aggressive directional bets…

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Filed under: News - @ February 14, 2025 12:27 am