On-chain data shows more than 70% of all capital stored in XRP came into the network alongside the high prices of the last six months.<\/p>\n
In a post<\/a> on X, Glassnode senior researcher CryptoVizArt.\u20bf has talked about the capital inflow situation related to XRP. The indicator of relevance here is the \u201cRealized Cap<\/a>,\u201d which is a model that, in short, keeps track of the sum of the cost bases of all addresses on the network.<\/p>\n In other words, the indicator provides an estimate of the total amount of capital that the holders as a whole have invested into the cryptocurrency. Below is the chart shared by the analyst that shows how this metric has changed for XRP over the past decade.<\/p>\n As is visible in the graph, the XRP Realized Cap (black curve) has witnessed an explosion alongside the recent bullish push in the asset\u2019s price. This would imply that a large amount of new capital has come into the cryptocurrency. In the same chart, the Glassnode researcher has also attached the data related to the Realized Cap associated with the different coin groups younger than six months.<\/p>\n The aggregated Realized Cap has seen its growth during the past six months, so it\u2019s not surprising to see that the capital held by cohorts falling in this age range has seen its share of the indicator blow up. This massive capital wouldn\u2019t be in any significant profit<\/a>, however, considering the price levels at which it has flowed in.<\/p>\n After all, the window of the past six months is mostly just the cryptocurrency\u2019s top and the subsequent phase of stagnation that\u2019s still ongoing today. \u201cOver 70% of the capital locked in XRP was deployed near the top over the past 6 months,\u201d notes the analyst.<\/p>\n Naturally, this could put the digital asset in a delicate situation, as it wouldn\u2019t take much of a drawdown to throw all these investors into the red. It now remains to be seen how the coin would develop in the near future and whether capital would continue to flow in, despite the fact that its price has been unable to revisit the highs from January.<\/p>\n In some other news, the XRP network has seen a sharp decline in the Number of Active Addresses <\/a>since the March peak, as CryptoVizArt.\u20bf has pointed out in another X post<\/a>.<\/p>\n The Number of Active Addresses is an indicator that measures, as its name suggests, the number of addresses taking part in transaction activity on the XRP network every day.<\/p>\n From the chart, it\u2019s apparent that the Number of Active Addresses set a huge peak in March of this year, but since then, activity on the blockchain has taken a severe hit as the metric has gone down by more than 90%.<\/p>\n XRP has continued to show overall sideways action recently, as its price is still trading around $2.34<\/p>","protected":false},"excerpt":{"rendered":" On-chain data shows more than 70% of all capital stored in XRP came into the network alongside the high prices of the last six months. Over 70% Of XRP Realized Cap Is Six Months Old Or Younger In a post on X, Glassnode senior researcher CryptoVizArt.\u20bf has talked about the capital inflow situation related to […]<\/p>\n","protected":false},"author":0,"featured_media":69292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-69291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/69291"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69291"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/69291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/69292"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}XRP Price<\/h2>\n