Recently, two on-chain signals for XRP have been brought up: first, active addresses have rebounded; second, the exchange net outflow has turned positive—which means people are moving coins to cold wallets. When you put these two data points together, the market starts shouting, “In August, a breakout/turning point is coming.” But I think it’s best not to rush to follow. When on-chain active addresses improve, it’s often because locked-up holders are repositioning, not necessarily because new money is flowing in. The net outflow metric is even more subtle: every month, Ripple unlocks escrowed XRP in enormous quantities, so even a slight movement can flip net value into positive territory—this is very different from retail investors holding coins. What you really should watch is whether spot trading volume can keep up. If volume doesn’t expand, even if on-chain metrics look great, it’s just self-encouragement. In August, the SEC’s remaining issues will also be wrapped up; in terms of determining direction, news and headlines matter more than technicals. As for this $XRP move, staying put and observing is steadier than chasing higher prices.
#XRP