XRP Gains 1.44% as BTC and ETH Dip, Defying Market Downturn
XRP gained 1.44% to trade at $3.152 while Bitcoin and Ethereum fell 0.94% and 3.86% respectively over a 24-hour period. On-chain data reveal that XRP balances on centralized exchanges have dropped to monthly lows, reducing available supply and easing selling pressure. Following a recent market-wide liquidation wave, late-session accumulation boosted XRP’s price. Broader risk-off sentiment—driven by stronger-than-expected inflation and delayed rate-cut expectations—weighed on Bitcoin and Ethereum but did not prevent XRP from holding firm. This market divergence underscores XRP’s capacity to attract buying interest when top tokens decline. Traders should watch on-chain supply shifts and post-liquidation demand as indicators of potential short-term bullish momentum.
Bullish
XRP’s 1.44% gain amid a broader downturn signals renewed buying interest and reduced selling pressure. On-chain metrics show supply contraction on exchanges, a pattern historically linked to short-term price rallies after liquidation events. Despite macro headwinds from inflation and rate-cut delays, XRP’s resilience against market dips suggests bullish momentum. Traders may view this divergence as a buy signal, particularly if on-chain supply continues falling and accumulation persists.