What’s Going Wrong With XRP? Expert Points To 2 Major Bearish Flips In These Key Metrics

XRP and much of the broader crypto market managed a short-lived bounce on Monday after last week’s sharp drop to around $1.04. The recovery, however, comes with fresh cautions hanging over the token.  Alex Carchidi, expert from The Motley Fool, argues that two important XRP-related metrics have turned notably bearish over the last 30 days. If the situation does not improve soon, he warns, it could undermine the argument that XRP is the “go-to” way to gain exposure to institutional activity in the tokenization market. Two Bearish Signals Emerge  Carchidi points first to the XRP Ledger’s (XRPL) role in tokenized assets. He notes that the chain is holding about $384.5 million in tokenized assets, which is down 11% over the 30 days ending on June 5.  Just as importantly,...