Momentum

Carry

Coin

<ul class="news-points"> 
 <li>Kaiko’s latest report revealed that network and trading activity for XRP has spiked over the past few weeks.</li> 
 <li>According to the report, a disparity between U.S. and offshore exchanges could be the reason XRP’s price has been suffering.</li> 
 <li>A positive trend line formed on XRP’s daily chart which may lead to XRP’s price rising soon.</li> 
</ul> 
A report released by Kaiko revealed that network and trading activity for <a href="https://coinedition.com/tag/ripple-xrp/" rel="noopener noreferrer nofollow">Ripple (XRP)</a> has spiked over the past few weeks. Despite the uptick in on-chain activity, the token’s inability to sustain its latest gains has left observers questioning the factors influencing its volatile trajectory. 
According to the report, August was a turbulent month for the remittance token, with its price plummeting by over 25%. This underperformance was in stark contrast to other top altcoins, prompting speculation on why XRP failed to capitalize on its earlier gains. 
Furthermore, Kaiko’s data revealed that the market sentiment for XRP shifted as traders capitalized on profit-taking opportunities, leading to downward pressure on the token’s value. Despite its price struggles, XRP displayed remarkable trading activity when compared to other altc… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/xrps-on-chain-momentum-may-soon-carry-over-to-its-price/">XRP’s On-Chain Momentum May Soon Carry Over to Its Price</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

XRP’s On-Chain Momentum May Soon Carry Over to Its Price

Coin Edition

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