$BTC #XRP
XRP: Bearish bias at $1.0726 as December tightening expectations weigh on demand
Fundamentals and valuation
Key driver: U.S. October CPI came in above forecasts, and markets priced in 28 bps of tightening in December. Tighter liquidity could curb demand for non-yielding XRP.
Valuation and flows: Market capitalization was $68.07B, turnover was 2.90% and the FDV ratio was 1.57. The ratio indicates fully diluted value exceeds market capitalization, pointing to a potential token-unlock overhang. ETF outflows of about $10.4M, alongside a 53.2% rise in seven-day average spot volume, leave spot-flow support mixed.
Trend and technicals
Key levels: XRP is below the lower envelope at $1.1422. A daily close above the MA60 at $1.3546 would weaken the bearish moving-average structure
XRP: Bearish bias at $1.0726 as December tightening expectations weigh on demand
Fundamentals and valuation
Key driver: U.S. October CPI came in above forecasts, and markets priced in 28 bps of tightening in December. Tighter liquidity could curb demand for non-yielding XRP.
Valuation and flows: Market capitalization was $68.07B, turnover was 2.90% and the FDV ratio was 1.57. The ratio indicates fully diluted value exceeds market capitalization, pointing to a potential token-unlock overhang. ETF outflows of about $10.4M, alongside a 53.2% rise in seven-day average spot volume, leave spot-flow support mixed.
Trend and technicals
Key levels: XRP is below the lower envelope at $1.1422. A daily close above the MA60 at $1.3546 would weaken the bearish moving-average structure