Cryptocurrency analytics company Alphractal shared noteworthy on-chain data regarding XRP and Dogecoin (DOGE).
According to the company’s assessment, XRP is at a critical technical and on-chain trading level, while Dogecoin has reached a historical milestone.
According to Alphractal’s analysis, XRP is struggling to stay above a key on-chain level called the “Realized Price.” The Realized Price reflects the average of the prices at which the circulating supply has most recently moved on the chain, indicating the average price at which investors are buying the asset. This level is considered one of the critical thresholds separating expansion and contraction phases in market cycles.
The company stated that when an asset’s price remains below its Realized Price level, it means the average investor has incurred unrealized losses. Historically, cryptocurrencies tend to show structural weakness within the current cycle if the price fails to recover and sustain itself above this level. Therefore, for XRP, this level is considered not only a short-term resistance but also a strategic threshold that determines the cyclical direction.
On the other hand, Alphractal CEO Joao Wedson pointed to a remarkable metric on the Dogecoin front. According to Wedson, DOGE reached a historical milestone by surpassing 1,100 days for the first time in the “Days in Profit” indicator. This indicator measures the number of past days that the price traded above the current price and reflects the collective memory of the market.
The rise in the metric indicates that the price has been higher than its current level for an extended period in the past, and that a significant portion of investors have historically taken positions at higher levels. Wedson noted that this is a structural cyclical metric rather than a short-term price movement, and that DOGE’s current position should be evaluated over a broader timeframe.
*This is not investment advice.
