XRP rebounds 8% after dipping below $2, with key metrics signaling renewed bullish momentum. Is a bull run ahead?
Rising taker buy ratio reflects growing bullish dominance in XRP’s derivatives market.price briefly slipped below $2, fueling speculation that its extended uptrend might be running out of steam.Beyond the surface, under-the-radar indicators point to XRP’s rally having more room to grow, signaling that its bullish momentum may be far from over. Here’s what could drive XRP higher.The Mean Dollar Invested Age for XRP has sharply declined, signaling significant on-chain activity.
In contrast, a rising MDIA implies stagnation, as coins held by long-term stakeholders remain untouched, capping upside potential.This downward shift indicates that long-inactive tokens are re-entering circulation, boosting liquidity and trading volumes — both critical drivers for sustained price momentum.
Beyond on-chain activity, the taker buy ratio in XRP’s derivatives market further reinforces its bullish outlook. This metric gauges the share of buy orders relative to total taker trades. Historically, such movements align with periods of sustained price gains, as traders exhibit heightened confidence in upward momentum.A sustained taker buy ratio above 0.5 could fuel further gains, whereas a drop below this threshold might signal waning optimism and prompt profit-taking.On the 4-hour chart, XRP’s price briefly slipped below the 20 and 50 EMAs on the 12th of December, hinting at a potential correction.
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