Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    ABS Token Available on 3 Major Exchanges

    September 18, 2024

    Uniswap: Milestone aside, 13% price plunge draws concerns

    June 11, 2023

    Argentina’s president withdraws support for LIBRA token, admits to skipping due diligence

    February 15, 2025
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      GENIUS Act Passes House with 308 Votes, Could Redefine Stablecoins and Supercharge U.S. Crypto

      July 18, 2025

      Bitcoin May Freeze Satoshi’s Wallet Over Quantum Threat

      July 16, 2025

      Bitcoin under pressure as Satoshi-era whale sells: Will BTC drop to $108K?

      July 15, 2025

      BlackRock’s Bitcoin ETF Blows Past $80,000,000,000, Faster Than Any Other Exchange-Traded Fund in History: Bloomberg Analyst

      July 14, 2025

      Will Pi crash or rally in 2025?

      July 11, 2025
    • Technology

      Windtree Becomes First NASDAQ Firm to Add BNB to Its Balance Sheet

      July 18, 2025

      What is AI16Z – AMBCrypto

      July 17, 2025

      Bonk gains 15% to lead memecoins as altcoins eye rally

      July 16, 2025

      Comment on Trump Firing Powell Would Set ‘Very Bad Precedent,’ Warns Pompliano by Powell's Replacement? Fed Chair Succession Process Underway

      July 15, 2025

      Hungary Bans Unlicensed Crypto Platforms: Revolut and Bitstamp Suspend Services

      July 14, 2025
    • Learn/Guide

      $10.7 trillion Charles Schwab to launch spot Bitcoin, Ether trading, eyes stablecoin market entry

      July 18, 2025

      Russia’s largest bank Sberbank to roll out Bitcoin, crypto custody services to catch up with global banks

      July 17, 2025

      Trump Media files trademarks for Truth Social AI and AI Search

      July 16, 2025

      DOJ and CFTC drop investigations into Polymarket

      July 15, 2025

      FUNToken Isn’t Just Trending – It’s Consolidating Power in Telegram, One User at a Time

      July 14, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » XRP prices fall 8% while volume peaks – What’s happening?
    Technology

    XRP prices fall 8% while volume peaks – What’s happening?

    March 10, 20243 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    XRP prices fall 8% while volume peaks - What's happening?
    Share
    Facebook Twitter LinkedIn Pinterest Email


    • A 30-day MVRV shows that XRP remains in the profit zone.
    • Price has climbed back to the $0.6 price zone.

    XRP has retraced following its recent uptrends, during which it ascended significantly into the $0.6 price zone. Additionally, there was a notable increase in volume, and changes were observed in the total supply in profit over the last 24 hours.

    XRP dips by over 8%

    On 5th March, XRP experienced a notable price decline, as a daily timeframe chart analysis revealed. The chart showed the price starting the trading day at about $0.64, but after an 8.6% loss, it dropped to about $0.59.

    A chart review indicated a significant decline had not been witnessed for over six months. Furthermore, the analysis highlighted that this downturn brought XRP out of the overbought zone, as indicated by its Relative Strength Index (RSI). 

    Source: Trading View

    However, at the time of this writing, the price demonstrated a recovery, experiencing over a 3.8% increase. It had returned to the $0.6 range, trading around $0.61.

    Additionally, the RSI, which had fallen below 60 during the price decline, was now close to 60 at the time of this writing.

    XRP volume spikes to a six-month high

    In recent days, another noteworthy metric on the rise is the volume. Analysis of Santiment’s volume metric revealed sharp spikes and declines over the past few weeks but a consistent uptrend in the last 48 hours.

    On 5th March, the XRP volume surged to about $4.02 billion. In the current update, it was around $4.3 billion, with indications on the chart reaching as high as $4.9 billion.

    XRP volume

    Source: Santiment

    This suggests that the volume observed on 5th March, coinciding with the price decline, was predominantly influenced by sellers. However, in the latest analysis, buyers have taken control of the volume, contributing to a price increase as the volume rises.

    MVRV and supply in profit show profitability

    Before the price decline witnessed by XRP on 5th March, its total supply in profit stood at nearly 90%. However, following the decline, the supply in profit has decreased to about 84% at the time of this writing.

    The supply in profit chart showed that around 84 billion XRPs are currently in profit, compared to almost 90 billion before the price drop.

    Ethereum total supply in profit

    Source: Santiment


     How much are 1,10,100 XRPs worth today


    Furthermore, an examination of the 30-day Market Value to Realized Value ratio (MVRV) reveals fluctuations. As of 4th March, the XRP MVRV was about 11%, but with the price decline, it fell to around 1%.

    At the time of this writing, it has rebounded to about 5%, indicating a dynamic market response to recent price movements.

    30-day XRP MVRV

    Source: Santiment

    Previous: Why a BONE rally might not be realistic in the near term
    Next: PEPE shows why DOGE, SHIB holders should be concerned



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Windtree Becomes First NASDAQ Firm to Add BNB to Its Balance Sheet

    July 18, 2025

    What is AI16Z – AMBCrypto

    July 17, 2025

    Bonk gains 15% to lead memecoins as altcoins eye rally

    July 16, 2025

    Comment on Trump Firing Powell Would Set ‘Very Bad Precedent,’ Warns Pompliano by Powell's Replacement? Fed Chair Succession Process Underway

    July 15, 2025
    Top Posts

    BTCC Exchange Named Headline Sponsor of Red Eagle Foundation’s Charity Golf Day Featuring Matt Le Tissier

    March 18, 2025

    Bitcoin hits one-month low after ETF-led enthusiasm wanes

    January 19, 2024

    Blockchain Potential: A $2.1 Trillion Boost To Global GDP By 2030

    October 30, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    GENIUS Act Passes House with 308 Votes, Could Redefine Stablecoins and Supercharge U.S. Crypto

    July 18, 2025

    Bitcoin May Freeze Satoshi’s Wallet Over Quantum Threat

    July 16, 2025

    Bitcoin under pressure as Satoshi-era whale sells: Will BTC drop to $108K?

    July 15, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.