Chart Shows About $49.7 Billion in XRP Ledger Transfer Value
Photo: TokenPost
A chart shared Oct. 19 put the dollar value of XRP (XRP) transferred on the XRP Ledger at about $49.7 billion, drawing attention to a possible price recovery without directly measuring buying. The reading was well above the chart’s preceding values. Analyst Ali Martinez identified $1.25 as a possible price floor and $2 as a potential target if XRP holds that level. The transfer figure does not establish that a bottom has formed. Transfer value measures coins moved on the ledger using XRP’s price at the time of each transfer. It differs from exchange trading volume, which tracks trading activity.
Source: TokenPost
