$XRP 24 hours +18.7%, active buy ratio is only 36%, OI is only up +8.4% after six hours, and the fee rate hasn’t been pulled up. Last time I waited for the money flow confirmation; this time I still didn’t get it.
Brad Garlinghouse used the SEC case to say that regulatory uncertainty will drive crypto jobs and investment away, pushing XRP back into the re-approach narrative. The narrative gave a premium, but active buys didn’t follow through.
I’m not in a hurry to call this a trend. Either OI amplifies and the active buy ratio clearly makes up for the gap—then we can talk about continuation; or it’s just a sentiment rebound, and if you chase late you won’t be able to catch much.
Brad Garlinghouse used the SEC case to say that regulatory uncertainty will drive crypto jobs and investment away, pushing XRP back into the re-approach narrative. The narrative gave a premium, but active buys didn’t follow through.
I’m not in a hurry to call this a trend. Either OI amplifies and the active buy ratio clearly makes up for the gap—then we can talk about continuation; or it’s just a sentiment rebound, and if you chase late you won’t be able to catch much.