Ripple holders realized nearly $20 million in losses in past ten days, XRP sustains above $0.52

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Ripple holders realized nearly $20 million in losses in past ten days, XRP sustains above $0.52
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Ripple (XRP) holders have consistently realized losses on their XRP holdings on several occasions between May 18 and 28, as seen on the crypto intelligence tracker Santiment.

Ripple holders shed their XRP holdings and took $20 million in profits since May 18. XRP social dominance is nearly at the same level, at 1.46%. XRP sustained above $0.52 on Tuesday but is down 1% on the day. Ripple holders have consistently realized losses on their XRP holdings on several occasions between May 18 and 28, as seen on the crypto intelligence tracker Santiment. The altcoin’s social dominance remains nearly unchanged, signaling XRP’s relevance among market participants.

The Moving Average Convergence Divergence indicator with its green histogram bars above the neutral line, supports gains in XRP. It implies there is an underlying positive momentum. The momentum indicator Relative Strength Index reads 50.23, above the neutral level, suggesting bullish momentum in the altcoin. XRP/USDT 1-day chart In the event of a correction, XRP could sweep liquidity at the May 23 low of $0.5027 and find support at $0.4866, a level that has acted as support for over a month.

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