XRP Rally Sees Record Profit-Taking as Ripple Labs Plans to Invest in Bitwise XRP ETF

XRP Rally Sees Record Profit-Taking as Ripple Labs Plans to Invest in Bitwise XRP ETF The Market Value to Realized Value (MVRV) ratio surged to 217% on Tuesday, showing overbrought market activity.
High profit-taking and an MVRV ratio indicating overvaluation could lead to a market correction.
Ripple plans to invest an unspecified amount in the newly rebranded Bitwise Physical XRP ETP (earlier called the ETC Group Physical XRP).

Visit Direct Link

You Might Also Like

Post comment