XRP NVT ratio spikes: Does it signal a price correction?

Quick Summary:

XRP's soaring NVT ratio raises questions about the sustainability of its price rally, hinting at possible overvaluation.

Historically, spikes in Open Interest coincide with significant price moves, but they also raise concerns about over-leverage, which can lead to volatility or corrections.

Recently, the NVT ratio surged to around 1,800, one of its highest levels, suggesting a disconnect between XRP’s market cap and on-chain transaction volume.

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Author / Journalist: Samantha LKM

Category: Crypto

Markets: United StatesMali

Topics: Social News Trading View News 1 Altcoin Ripple Ambcrypto

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 04:00:24 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 536 words

Reading Time: 3 minutes read

Sentences: 31 lines

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Copyright Owner: © AMBCrypto

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