XRP Realized Losses Reach New 3-Year High, Could This Mean Good Things?
XRP's price stability in February may be about to come to an end, according to recent on-chain data. The altcoin has seen a surge in realized losses, which has been a precursor to extended rallies in the past.
According to Santiment, the volume of realized losses for XRP reached approximately 908 million in the past week. This is a significant increase from previous weeks and may indicate that investors are selling their coins at a loss due to fear of further price drops.
However, history suggests that this trend can be a positive sign for investors. When the weekly milestone of 1.93 billion in realized losses occurred in 2022, XRP's value saw an over 114% surge in the following eight months.