These 2 Bearish Signs Could Spell Trouble for XRP
One big component of the bull thesis for this asset might be starting to degrade.
These 2 Bearish Signs Could Spell Trouble for XRP
Overview
XRP (CRYPTO: XRP) holders are, among other things, banking on the possibility that the XRP Ledger (XRPL) is going to capture a meaningful slice of the tokenized real-world asset (RWA) market and attract a lot of institutional capital to the network in the process. That market could be worth as much as $8 trillion by 2030, up from its value of $31.5 billion today.
So when the on-chain data backing that story starts to slip badly, it's worth paying attention with a little bit of urgency. Two metrics in particular have flipped sharply bearish over the past 30 days, and if things don't improve soon enough, it'll threaten the idea that XRP is the coin to buy to get exposure to institutional positioning in the tokenization market. Here's what's happening and why it's concerning for holders.
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Originally published at www.fool.com.
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