Six Months of Green: XRP ETFs' Profit-Taking Warning Signs
XRP-based exchange-traded funds (ETFs) have been on a roll for six months, but there are warning signs that investors may be taking profits.
A report from BitRss notes that XRP ETFs have seen consecutive green months since March this year, with some products outperforming others. However, the author of the report highlights two signals that suggest profit-taking is underway.
The first signal is the increase in trading volume on the XRP/USD pair, which has been rising steadily over the past few weeks. This could indicate that investors are taking profits and selling their holdings, rather than continuing to hold onto them.