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XRP Flashes Bullish Signal With Key On-Chain Metric
NFT Gaming

XRP Flashes Bullish Signal With Key On-Chain Metric

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Although XRP has recorded notable losses after the broad crypto market returned to a bearish zone in response to persisting macroeconomic pressures, a larger portion of the total number of XRP in circulating supply is still in profit, according to data from on-chain analytics platform, Glassnode.

XRP still bullish amid market odds

The data shows that up to 86.3% of XRP currently in circulating supply has remained in profit despite failing to sustain the recent bull run that saw its price reach a peak of $2.61 on May 14.

This means that the current price of XRP is higher than the price at which investors initially purchased their assets.

This crucial profit metric, which surged decently from its level in the past month, signals a bullish momentum for XRP. As such, it appears that investors’ confidence in XRP’s potential has remained unwavering despite recurring crypto market corrections.

Following the recent conclusion of XRP’s legal battle with the Securities and Exchange Commission (SEC), the third largest cryptocurrency by market capitalization has become the buzz of the crypto ecosystem, with investors carefully monitoring its on-chain movement and remaining optimistic about its future potential.

Amid this bullish momentum, XRP has also noted a substantial surge in its on-chain volume, showing a notable increase of 21.7% over the last day. 

While this metric keeps track of all XRP’s on-chain activities including transfers, payments, and transactions conducted directly on the blockchain, it does not track XRP-based transactions conducted on centralized exchanges. 

The surge in XRP’s on-chain volume highlights a substantial increase in the adoption of the token’s use cases. Per the data, XRP’s on-chain volume stands at 1,084,098,384 as of May 28.

Source: CoinMarketCap 

On the other hand, the high increase in XRP’s on-chain volume might indicate that holders are moving tokens to exchanges to sell, as the sudden fall in XRP’s price over the last day might have triggered investors, especially retailers, into panic selling.

As of writing time, XRP is trading at $2.24, a price decline of 3.60% since the last day according to data from CoinMarketCap.



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XRP Flashes Bearish Signal as Staking Activity Declines
Crypto Trends

XRP Flashes Bearish Signal as Staking Activity Declines

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Despite the recent crypto market rally that saw XRP record massive daily gains, the latest data from on-chain monitoring firm XRPSCAN suggests that DeFi participants on the network have slowed down as market uncertainty rises.

12,906,712 XRP staked

According to the data provider, the total amount of XRP locked in automated market maker (AMM) pools has declined to 12,906,712 XRP as of May 27.

Source: XRPSCAN 

While AMM pools are mechanisms that allow the provision of liquidity on the XRP Ledger DEX, the decision among XRP users to lock in their funds in the AMM pools signals solid confidence in the token’s potential.

Nonetheless, a downturn in this metric suggests that the interest among investors to stake their tokens has reduced, suggesting that investors are less confident about XRP’s future performance.

Despite this plunge in staking activities, the data further revealed that the total number of active AMM pools providing XRP liquidity has increased to 20,299. This increase in active AMM pools despite the decrease in the total amount of XRP pooled suggests that there is a decent shift in how liquidity is distributed across the network.

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Meanwhile, it also appears that more AMM pools have been created with smaller amounts of XRP in them, possibly due to the increased volatility in XRP’s price or growing fear among investors as market uncertainty looms.

While the reason behind the plunge in the amount of XRP locked across AMM pools cannot be clearly determined, it is attributable to recent price dips experienced by the token.

With the crypto market experiencing mixed price actions amid recurring price corrections, investors are in doubt if there is still more to expect from the third-largest cryptocurrency by market capitalization.

As such, they have taken caution by staking lesser amounts of tokens. According to data from CoinMarketCap, XRP has slowed down on its rapid upsurge and has traded steadily with just a 0.29% increase since the last day.

Source: CoinMarketCap 

Notably, XRP is trading at $3.32 as of press time, despite reaching a high of $2.45 five days ago. While the token has maintained resilience above the $2 mark, investors are optimistic about a potential breakout in the price of the token.



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Bitcoin
GameFi Guides

Bitcoin Flashes Historic Bull Market Golden Cross To Trigger ‘Flash Sale’

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin (BTC), the world’s largest cryptocurrency, has just triggered a rare and historic Golden Cross, signaling the start of another major bull run. This technical formation has mostly preceded explosive price surges in the past. Surprisingly, the market is expected to respond with a sharp but short-term pullback, with a crypto analyst calling for a flash sale. 

Golden Cross Sets Stage For Bitcoin Flash Sale

According to a new analysis posted on X (formerly Twitter) by market expert Kyle Chasse, a Golden Cross pattern has emerged on the Bitcoin price chart. Historically, this technical signal has marked the beginning of some of Bitcoin’s most dramatic and sustained bull rallies. However, Chasse warns that this particular Golden Cross could trigger a short-term BTC flash sale before the real rally begins. 

The analyst revealed that in 2016, a Golden Cross preceded a 139% climb in the BTC price. Similarly, the same pattern appeared in the 2017 bull market, triggering an unprecedented 2,200% explosion that defined one of the most powerful BTC rallies. 

In 2020, Bitcoin also surged over 1,190% after a Golden Cross emerged, fueling a rise to its former ATH of around $69,000. Now, with the flagship cryptocurrency hovering in the six-figure territory, Chasse suggests that the current Golden Cross may not follow the familiar script of past bull markets.

Rather than an explosive surge, the analyst predicts a 10-15% short-term price dip following the Golden Cross. This pullback is anticipated to precede a new rally targeting the $98,000 – $101,000 range, which the analyst describes as a reload zone where buyers can position themselves before the final blastoff to $320,000. 

Most importantly, this brief price correction isn’t seen as a sign of weakness but as a strategic buying opportunity — a “flash sale” on Bitcoin. That said, Chasse’s analysis also cautions traders and investors to stay vigilant. 

During Bitcoin-led corrections, alternative cryptocurrencies tend to suffer more severe declines. As a result, the market analyst expects altcoins to shed 30-40% of their value in the coming dip.  

Analyst Sets $160,000 Bitcoin Price Target By Q4

Bitcoin has climbed above $110,000 again, signaling a potential shift into the most aggressive phase of the current bull cycle. According to crypto analyst Cas Abbe, this move places the market in a key historical price zone that previously marked the beginning of BTC’s parabolic rallies in 2013, 2017, and 2021.

Abbe’s macro analysis chart compares Bitcoin’s past market cycles, suggesting that the current structure is closely mirroring those of previous bull runs. With the flagship cryptocurrency now reclaiming a strong position above $110,000, the analyst predicts that Bitcoin will soon enter a price discovery mode where parabolic rallies happen. 

Source: Cas Abbe on X

Forecasts are now pointing to a potential move toward $130,000 by July, followed by a climb to $160,000 by the fourth quarter of 2025. The analyst has even projected a potential price peak of $230,000.

BTC trading at $109,680 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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