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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 Transaction Fees At Extremely Low Levels Amid Price Rally, A Bullish Signal?

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

Even though Bitcoin’s price has pulled back slightly from its recent all-time high, the flagship crypto asset continues to demonstrate bullish traction. During this significant upward performance in the past few weeks, there has been a persistent decline in the network’s transaction fees.

Low Bitcoin Transaction Fees During Price Spikes

Bitcoin appears to have its footing above the $109,000 mark, showing strength for more gains. As BTC continues to demonstrate strength above this level, an unexpected dynamic has unfolded in the network. Alphractal, an advanced investment and data analytics platform, reported that Bitcoin network transaction fees (Fees Total and Fees Mean in USD) have reduced sharply to extremely low levels. 

According to the on-chain platform, public interest in the main blockchain has never been lower, despite Bitcoin holding strong above key support levels. Currently, the cost for every on-chain transaction on the network, regardless of the amount being transferred, is not more than $1.5.

In the past, increased network congestion and higher fees have frequently accompanied growing Bitcoin values, especially with the asset reaching new highs until the 2021 market cycle. However, this time around, the pattern seems to have completely separated, making the development a crucial one to watch in the current market trend.

BTC transaction fees drop to new lows | Source: Alphractal on X

While it might seem worrying, this substantial decline in transaction fees may indicate higher network efficiency. Nonetheless, it gives BTC’s present market behavior an interesting new layer as the flagship asset’s price grows.

Furthermore, Alphractal highlighted that there has been a steady decline in the number of transactions on the Lightning Network, which suggests that the network’s use for P2P payments and transfers has sharply decreased. 

A Growing User Sentiment In Alternative Chains

Another critical trend spotted by the platform is a shift in network adoption from BTC to other chains. During the period, there has been a large use of Centralized Exchanges (CEX) and alternative networks like TRON (USDT), which provide practically instantaneous and nearly free transactions. 

A recent report from Kyle Doops, a technical expert and the host of the Crypto Banter Show, reveals that TRON Total Value Locked (TVL) has risen sharply. Kyle Doops stated that the surge in TRON’s TVL reflects what its users are feeling while urging them to keep an eye out for a turn.

Such a development implies that transactional usage has moved to alternative networks and second-layer solutions, while Bitcoin is consolidating more as a store of value. This marks a pronounced change in market dynamics.

At the time of writing, Bitcoin’s price was facing growing bearish pressure and trading at $109,175, demonstrating a nearly 1% decline in the last 24 hours. Data from CoinMarketCap shows a brief uptick in trading volume, which has increased by over 7% in the past day.

BTC trading at $109,430 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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XRP Rival Stellar (XLM) Just Flashed Major Crash Signal
NFT Gaming

XRP Rival Stellar (XLM) Just Flashed Major Crash Signal

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A major structural shift has occurred in Stellar (XLM) after it broke below a key trendline that had been holding its price since mid-April. A push toward the $0.26 area could be set up by the maneuver, allowing sellers to gain more control in the short term.

Up until now, the price of XLM had been trending within an ascending channel, gradually building momentum and hitting higher lows. Its four-hour chart now shows that the channel has been broken, with the price dropping through the lower boundary and slipping under the 0.618 Fibonacci level near $0.274.

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Current trading price is around $0.286, still close to the break but noticeably below the support level. The last bounce off the channel line failed to hold, and since then, price action has turned more bearish, with lower highs forming and pressure building to the downside.

The next area to watch is the $0.26 zone, which lines up with previous lows and may offer short-term support. Failure to hold that level would open the chart up toward the next key Fibonacci level at $0.243.

Right now, this Stellar shift is happening alongside Bitcoin holding solid at around $107,000, following a strong rally that lasted several weeks. Concurrently, XRP remains within a narrow price range below $2.35, displaying no clear upward or downward trend. In that context, XLM’s clean breakdown below the trendline support stands out more, especially with BTC and XRP being relatively stable.

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The recovery structure that had been helping XLM rise now looks broken, and with major cryptocurrencies not offering much momentum either way, there’s little external support to lean on. Unless Stellar can bounce back above $0.29 and solidify that position, it looks like the short-term trend is bearish.

This isn’t a confirmed trend reversal by any means, just the most notable technical signal XLM has shown in weeks. And with other large caps moving sideways, chances are this drop is going to stay on the radar heading into next week.



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CoinDesk 20 members’ performance
Crypto Trends

BTC Market Cap Tops $2.2T as Derivatives, Sentiment Signal Pricing Upside

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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.



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Signal will block Microsoft Recall from snooping on your texts
Product Reviews

Signal will block Microsoft Recall from snooping on your texts

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Encrypted messaging platform Signal is rolling out a feature called Screen Security to its Windows app. It’s broadly a way to prevent a computer from logging screenshots of your messages when the app is open, but in a blog post, the company directly called out the Recall feature in Windows 11 as the reason for this new capability.

Signal explained that what it essentially did was to flag its application as protected by Digital Rights Management (DRM), because content under that umbrella will not be recorded in a screenshot on a Windows device. It’s the same reason that a movie streaming from Netflix will appear in screenshots as a black box. Screen Security will be on by default, but this setting can be easily disabled for cases where a user does need to be able to access the application, such as when using a screen reader.

“We hope that the AI teams building systems like Recall will think through these implications more carefully in the future,” the company said. “Apps like Signal shouldn’t have to implement ‘one weird trick’ in order to maintain the privacy and integrity of their services without proper developer tools.”

The Recall feature in Windows 11 has had a difficult and well-delayed development process. While the AI-powered tool to record everything on a PC’s screen has some potential benefits for user productivity, it’s also raised a lot of concerns about privacy and security. Although Microsoft has started rolling out Recall to Copilot+ PCs, not everyone is convinced that it’s ready for prime time.



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