[Major Drop Warning] XRP -5.01% - XRP plunges more than 5%; what signals do on-chain funds reveal?
Today, XRP is down more than 5%, with weak price performance. The 24-hour drop is -5.01%. However, the current on-chain fund data is showing some unusual signals.
From the derivatives market data, ETH funding rate is +0.0096%, OI is 6.00B USDT, and the long/short ratio is 2.329. The surge in ETH’s long/short ratio indicates that bullish sentiment is strong in the market, yet XRP’s price is still falling. Does this mean large players are positioning themselves?
From a sentiment perspective, the current market FGI is below 25, with pronounced panic. Despite XRP’s obvious decline, on-chain trading volume has not significantly shrunk; instead, it has risen slightly, suggesting that both bulls and bears are still fiercely competing.
The market direction remains unclear. Investors are advised to closely monitor on-chain fund flows, as well as changes in the long/short ratio and OI, to better gauge market trends.
Not investment advice—risk is your own.
#crypto_trends
Today, XRP is down more than 5%, with weak price performance. The 24-hour drop is -5.01%. However, the current on-chain fund data is showing some unusual signals.
From the derivatives market data, ETH funding rate is +0.0096%, OI is 6.00B USDT, and the long/short ratio is 2.329. The surge in ETH’s long/short ratio indicates that bullish sentiment is strong in the market, yet XRP’s price is still falling. Does this mean large players are positioning themselves?
From a sentiment perspective, the current market FGI is below 25, with pronounced panic. Despite XRP’s obvious decline, on-chain trading volume has not significantly shrunk; instead, it has risen slightly, suggesting that both bulls and bears are still fiercely competing.
The market direction remains unclear. Investors are advised to closely monitor on-chain fund flows, as well as changes in the long/short ratio and OI, to better gauge market trends.
Not investment advice—risk is your own.
#crypto_trends