XRP's Spent Output Profit Ratio (SOPR) has declined to 0.95, marking a six-month low, according to market analyst Xaif Crypto. This drop comes after a recent market downturn that saw XRP's price fall to $1.58 on October 10, before stabilizing around $1.25.
Analysts are divided on XRP's future trajectory. Xaif Crypto suggests a potential rebound to $3.00 if historical trends hold, while CryptoInsightUK forecasts a longer-term price range between $8 and $12.
XRP SOPR Hits 6-Month Low Amid Market Volatility
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.