$TON $XRP $BTC #MarketDownturn
🔥🔥🔥 Ripple (XRP) Is Not the Best Horse in the Race, Key Indicators Reveal: ⤵️⤵️
♦️ In Brief:
• On-chain data obtained from Ripple's network flash warning signs, hinting at a further drawdown.
• XRP holders are moving previously dormant tokens, reinforcing the possibility of a decline.
• A closer look at technical analysis suggests that the XRP may face rejection to $0.55.
✍️ Blockchain payment project Ripple, as well as its native token XRP, were in the news for seemingly right reasons during the week. This is due to the surge in the cryptocurrency’s price and the partial win in the long-standing legal battle between Ripple and the US SEC.
These two events increased comments online, suggesting an unprecedented XRP rally. However, noteworthy observations on-chain reveal that this sentiment may be inaccurate.
🔥 Recent Data Suggest Caution for Ripple Investors:
🔑 One way BeInCrypto analyzes XRP’s potential performance is by evaluating the Sharpe Ratio. This ratio measures the risk attributed to a token compared to the return it can offer. A highly positive Sharpe Ratio means that one can expect a good return on investment.
However, a negative ratio suggests that the crypto in question is risk-free of returns or could remit losses. According to Messari, XRP’s Sharpe Ratio is 3.70.
