XRP Flashes Bearish Signal as Staking Activity Declines

XRP Flashes Bearish Signal as Staking Activity Declines – MAXBIT

Despite the recent crypto market rally that saw XRP record massive daily gains, the latest data from on-chain monitoring firm XRPSCAN suggests that DeFi participants on the network have slowed down as market uncertainty rises. 12,906,712 XRP staked According to the data provider, the total amount of XRP locked in automated market maker (AMM) pools...

XRP Flashes Bearish Signal as Staking Activity Declines

XRP’s DeFi activity has seen a decent slump, sparking concerns among investors

XRP Staking Drops Despite AMM Pool Growth Amid Market Uncertainty

Despite XRPs recent rally and strong daily gains, on-chain data from XRPSCAN shows a notable dip in XRP staking activity. As of May 27, only 12.9 million XRP are locked in automated market maker (AMM) pools, signaling a decline in investor confidence amid growing market volatility. AMM pools on the XRP Ledger enable users to provide liquidity and earn yields, often reflecting broader sentiment toward the asset. The decrease in staked XRP, despit…