XRP Rebound Imminent?
XRP's Spent Output Profit Ratio (SOPR) has hit a 6-month low at 0.95, with $2.50 as key support, potentially signaling a sharp rebound.
According to market commentator Xaif Crypto, SOPR indicates whether coins moved on a particular day were sold at a profit or loss, with values below 1 suggesting potential market capitulation.
“Now with a low near $2.38, next potential target: $3.10–$3.35.”
XRP's SOPR has historically signaled early price reversals, such as when it last hit 0.92 on April 7, XRP jumped 35%, soaring from $1.90 to $2.58 in days.
XRP is presently trading at $2.50, just above recent lows, with $2.50 becoming the make-or-break support.
Author's summary: XRP's low SOPR may signal a rebound.
- SOPR hits 6-month low at 0.95
- $2.50 as key support
- Potential target: $3.10–$3.35
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