Niyola🎩🎭
@niyola
XRP's Soaring NVT Ratio: A Warning Sign for Price Correction? XRP's NVT ratio surges to 1,800, indicating potential overvaluation and disconnect between market cap and network activity. Key Statistics: - NVT ratio: 1,800 (historically high). - Open Interest: $830M (growing speculation). - 24-hour trading volume: $6.81 billion. - Funding Rate: Positive (bullish bias). Technical Analysis: - High NVT ratio precedes price corrections. - Speculative interest outpaces on-chain activity. - Sustainability of rally questionable. On-Chain Metrics: - Network activity lagging market value. - Growing gap between market cap and transaction XRP's soaring NVT ratio raises concerns about the sustainability of its price rally. Historically, high NVT ratios have led to corrections. Investors should monitor network activity, trading volume, and funding rates to determine if the rally will continue or correct.
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Dorianszn
@dorianszn
306 $DEGEN
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$DEGEN Tip Bot
@degentipbot.eth
✅ 306 tipped ∙ 0 remaining 306 / 306 (100%) ✅✅✅✅✅✅✅✅✅✅
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