Ripple’s XRP is up 4% over the past seven days, riding a wave of improving sentiment across the broader altcoin market. However, despite this upward momentum, key on-chain indicators suggest that the rally could soon lose steam as XRP holders rush to lock in profits. XRP Is Up 4% This Week—But Traders Are Quietly Exiting the Market Glassnode data reveals a steady uptick in XRP’s Exchange Net Position Change over the past week. On-chain data shows that this metric, which tracks the net amount of tokens moving onto centralized exchanges, rose to an eight-month high of 283 million XRP on July 7
source: https://beincrypto.com/xrp-climbs-higher-potential-trap/