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XRP Sees Highest Profit-Taking Ratio Since Aug 2021 Amid 44% Rally

XRP has surged over 44% in the past eight days, with traders raking in profits amid a highly anticipated uptrend. According to data from market intelligence resource Santiment, XRP investors are engaging in profit-taking transactions twice as much as loss-incurring transactions. This bullish turn of events comes amid speculation of an imminent judgment in Ripple's favor in the ongoing SEC litigation. XRP has established a firm position above $0.50 and seeks to conquer $0.55. With a 16.92% gain in the past week, XRP is the highest-gaining asset among the top 80 cryptocurrencies.

(By ALBERT BROWN)

XRP XRP $1.44
+0.04%
XRP Ripple SEC
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