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XRP is facing mild capitulation when most assets are seeing profit-taking trades, but Santiment reveals this indicates XRP has a higher likelihood to rally. 
The bears have displaced XRP from the $0.50 psychological territory as it failed to capitalize on the latest market rally. Amid this situation, some XRP investors have resorted to capitulation, eliciting concerns among market participants. 
However, a recent report from behavior analytical resource Santiment suggests that this trend signals that XRP has a higher likelihood of staging a price rally than most assets. 
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f911.png" alt="🤑" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> <a href="https://twitter.com/hashtag/bullish?src=hash&amp;ref_src=twsrc%5Etfw">#bullish</a> <a href="https://t.co/6pul5oxUsd">https://t.co/6pul5oxUsd</a> <a href="https://t.co/pM92pdxEli">pic.twitter.com/pM92pdxEli</a> 
 <a href="https://twitter.com/santimentfeed/status/1673440330782478336?ref_src=twsrc%5Etfw">June 26, 2023</a> 
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The Santiment report considered the “Ratio On-chain Transaction Volume in Profit/Loss” metric for this analysis. The indicator shows that transactions involving most assets across the market lean toward the profit-taking territory.&nbsp; 
These assets’ metrics (ratios) show positive values, signaling that most traders are taking profits. Notably,&nbsp; <a class="editor-rtfLink" href="https://thecryptobasic.com/2023/06/21/wisdom-tree-and-invesco-goes-for-bitcoin-etf-following-footsteps-of-blackrock/" target="_blank" rel="noopener">Bitcoin </a>‘s (BTC) ratio stands at 0.315, Ethereum (ETH) has a ratio of 0.407, the ratio for Litecoin (LTC) is 0.128, and Cardano’s (ADA) ratio is 0.030. ...
<a href="https://thecryptobasic.com/2023/06/28/here-is-a-signal-that-shows-likelihood-of-a-higher-xrp-price-rally/">Read more</a>

Here is a Signal That Shows Likelihood of a Higher XRP Price Rally

TheCryptoBasic

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