Old XRP Coins Cause Stir Indicating Potential ‘Buy the Dip’ Interest

New data suggest the blockchain is seeing another “huge blast” in dormant XRP movement, alongside increasing open interest .According to Santiment’s Token Age Consumed metric, there has been a significant surge in the movement of old XRP coins on the ledger, similar to the spike observed just before the market downturn on April 13th, during which the cryptocurrency plummeted by 16%.

“This time around, however, there is an argument that this old coin movement is related to potential #buythedip interest from key stakeholders, and prices have been climbing mildly since this May spike occurred. Also, keep in mind the increasing open interest on exchanges, which has just reached a 3-week high.”

Source: Loan Digest (loandigest.net)

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