XRP Price Quakes As On-Chain Profitability Turns Negative

XRP just lost its aggregate holder cost basis price, which typically triggers an emotionally-based sell-off across retail markets. Glassnode’s latest research provides a deeper digest into XRP’s price movement, arguing that it resembles April, 2022. $1.11 Bottom Or Harsher Correction For XRP’s Price? Back then, the broader markets took a drastic downswing as Terra Luna’s UST stablecoin de-pegged - the algorithmic consensus couldn’t keep up with the liquidity crunch in sister token LUNA, setting off a deeper domino effect that affected everyone. Notably, that correction phase was prevalent for two and a half years, but later a stupendous upswing

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