World Crypto Global Official Site | xrp bullish signal

Author: Keshav Verma

XRP Bullish Signal: Shark & Whale Population Sharply Growing

On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks. The indicator of relevance here is the “Supply Distribution,” which tells us about the number of addresses that currently belong to a given wallet group. Related Reading: Dogecoin & Other Memecoins Seeing Less Interest Than Bitcoin: Data The addresses are put into these cohorts based on the number of coins that they are carrying in their balance right now. Investors who own between 1 and 10 XRP, for example, fall inside the 1 to 10 coins group. In the context of the current discussion, the 10,000+ coins group is of interest. The cutoff for this cohort converts to around $6,500 at the current exchange rate. This amount in itself isn’t high, but the upper range of the group stretches to infinity, so it should also include heavyweight investors like sharks and whales. The sharks and whales are considered key investors in the market, so their behavior can be to keep an eye on, as it may end up affecting the cryptocurrency’s price. Naturally, the whales are the more influential of the two, due to their larger size. Now, here is a chart that shows the trend in the XRP Supply Distribution for the 10,000+ coins cohort over the past few months: As displayed in the above graph, the XRP Supply Distribution for this wallet group has observed a rapid increase recently. More specifically, around 2,390 addresses of this size have popped up on the network in just the past five weeks. This would suggest that entities like the sharks and whales have been busy accumulating the cryptocurrency. Following the latest increase, the indicator’s value has reached the 279,400 mark, which is the highest that it has been in about six months. From the chart, it’s visible that the indicator’s value had been observing a downtrend earlier in the year, alongside which, the asset’s price had also been riding bearish momentum. The indicator reached a bottom in April, which is around when the asset’s drawdown also slowed down. And since the recent uptrend in the Supply Distribution of the sharks and whales has appeared, the XRP price has also felt the return of bullish winds. “The correlation between these wallets and XRP’s market value has been undeniable throughout 2024,” notes Santiment. Related Reading: Minimal Bitcoin On-Chain Resistance Ahead: Price Set For New ATH? Given the pattern, this indicator should be monitored in the near future, as a continued rise in it could spell a bullish outcome for the cryptocurrency. XRP Price XRP has enjoyed a rally of around 5% during the past 24 hours, which has taken its price to the $0.65 level. Featured image from Dall-E, Santiment.net, chart from TradingView.com

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XRP Network Activity Hits All-Time High Despite Market Volatility Bullish Signal?

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Apr 10, 2025 12:05

XRP Network Activity Hits All-Time High Despite Market Volatility Bullish Signal?

XRP has broken down from critical support levels, joining the broader crypto market in a wave of selling pressure driven by growing macroeconomic uncertainty. As risk sentiment weakens, bulls are struggling to defend key zones that previously held firm. Now, the focus shifts to reclaiming a pivotal level that could reverse the recent bearish trend and restore some confidence to investors. Related Reading: XRP Breaks Out Of Head-And-Shoulders Pattern Eyes Move Toward $1.30 Despite the harsh market conditions and price volatility, on-chain data reveals a promising development beneath the surface. According to Glassnode, the XRP network has reached a new all-time high of 6.26 million addresses holding 1 XRP or more. This metric signals growing adoption and distribution, even as prices slide a potential bullish divergence that often precedes long-term strength. The surge in small wallet growth suggests that retail investors are still entering the market, seeing value in XRP at current levels. While the short-term price action remains uncertain, the expanding network base may point to renewed demand once market conditions stabilize. Is this trend a sign of strength or simply a temporary reaction to lower prices? In a market full of fear, such network milestones could serve as a glimmer of optimism for XRPs long-term outlook. XRP Holds Below $2 As Analysts Split on What Comes Next XRP is now facing a critical test just below the $1.80 mark a level that many analysts view as the last key support before a potential steep decline. Market sentiment remains fragile, with bulls under immense pressure and bears steadily gaining ground. If XRP fails to hold this zone, some analysts warn that a sharp drop toward lower demand levels could follow, further weakening investor confidence. The atmosphere is tense and filled with uncertainty. Bulls argue that once broader market conditions begin to recover, XRP could be one of the first altcoins to rebound and reclaim its previous range highs. On the other hand, skeptics believe that XRPs trend has clearly broken down, and a return to bullish momentum could take longer than many anticipate if it happens at all. Despite the conflicting views on price action, on-chain data offers a glimmer of optimism. Top analyst Ali Martinez shared insights on X, revealing that the XRP network is quietly growing stronger. According to Glassnode, the number of wallets holding at least 1 XRP has reached an all-time high of 6.26 million. This surge in network participation could be a signal of long-term strength and resilience. If the broader market stabilizes, such steady growth in network fundamentals may give XRP the momentum it needs to mount a serious recovery. But for now, the $1.80 level remains the line in the sand and all eyes are on whether it holds or breaks. Related Reading: Oversold Altcoins Like Solana Flash Bullish Divergences Are Relief Bounces Coming? Price Struggles Below Key Averages as Selling Pressure Mounts XRP is currently trading at $1.82 after a sharp drop below the 200-day Exponential Moving Average (EMA) at $1.94 and the 200-day Simple Moving Average (MA) at $1.85. These technical levels were acting as key support during recent consolidation, but bulls failed to defend them, signaling growing weakness in the current trend. The breakdown began when XRP lost the $2 mark a psychological and technical level that had previously provided stability. Since then, bearish momentum has intensified, and buyers have struggled to regain control. With XRP now firmly below major moving averages, the risk of continued downside remains high. However, all is not lost. A decisive reclaim of the $1.95 level, ideally with strong volume and follow-through, could spark a recovery back above the $2 threshold. Such a move would likely restore short-term bullish sentiment and provide the foundation for a broader rebound. Related Reading: Ethereum Capitulation May Be Nearing End Will A Fed Pivot Spark A Recovery? On the flip side, losing the $1.80 support would be a major blow for bulls. If this level fails to hold, XRP could rapidly descend toward the $1.50 zone, where the next meaningful support lies. For now, traders are watching these levels closely as XRP battles to regain stability amid broader market turbulence. Featured image from Dall-E, chart from TradingView

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XRP Will Hit $2.13 Before A Correction Analyst Predicts Bullish Rally

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Dec 02, 2024 12:05

XRP Will Hit $2.13 Before A Correction Analyst Predicts Bullish Rally

XRP is trading just below the critical $2 mark, a level that served as the local top during the 2021 bull cycle. The price has been steadily climbing, fueled by bullish momentum, and appears poised to push higher. Investors and analysts closely monitor the charts for a definitive signal to confirm a breakout above this crucial resistance. Related Reading: Dogecoin Consolidates Below Key Supply Level Analyst Expects Rally Soon This psychological price level is a focal point for market participants, with a successful breach potentially marking the beginning of a sustained rally. Top analyst and investor Dark Defender has weighed in on XRPs outlook, sharing a detailed technical analysis on X. According to his insights, XRP is expected to reach $2.13 in the coming days before experiencing a brief correction. Dark Defender also anticipates further price gains following this pullback as XRP continues to attract bullish sentiment. A confirmed breakout above $2 could pave the way for new multi-year highs, while a failure to surpass this level may lead to short-term volatility. With its historical significance and current market dynamics, the $2 mark represents both an opportunity and a challenge for XRP. All eyes are now on whether the token can reclaim this milestone and chart a path higher. XRP Attracts New Demand XRP has surged over 50% this week, riding a wave of fresh demand that continues to propel its price toward new supply levels. The bullish momentum has sparked significant interest among investors and analysts, with many speculating on the token’s next move. Top analyst and investor Dark Defender shared a detailed technical analysis on X, highlighting XRPs evolving market structure on the 4-hour chart. According to his insights, XRP is likely to touch $2.13 soon before facing a potential correction. Dark Defenders analysis also identifies key resistance levels on the 4-hour time frame. Notably, resistances at $4.11 and $6.42 align with his secondary price target of $5.85, which follows a support retest at $1.88. These levels suggest a roadmap for XRPs price action if the current rally sustains its momentum. As XRP approaches these critical price zones, the coming weeks will be pivotal in determining its trajectory. While the bullish sentiment dominates, the possibility of corrections or consolidations remains. A decisive break above $2.13 could open the door to new highs, but failure to hold key levels might invite short-term volatility. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level Analyst Shares Price Target For now, XRPs impressive performance and emerging demand position it as one of the most closely watched assets in the crypto market. Reaching Multi-Year Highs XRP is currently trading at $1.88 following an impressive run since November 5, marking a staggering 285% increase in less than 30 days. The price recently tagged $1.95, a critical level, and has since entered a consolidation phase as it gathers momentum to push past the pivotal $2 mark. This consolidation suggests that XRP is building the necessary fuel for a potential breakout. The price action remains decisively bullish, supported by strong market sentiment and increasing demand. Analysts are closely watching the cycle’s top at $1.97, as breaking above this level would likely signal the start of a new leg higher. A confirmed breakout past $1.97 would not only reinforce the bullish structure but could also propel XRP to uncharted highs, aligning with predictions of a parabolic rally. Related Reading: Cardano Transactions Rise To Multi-Year Highs Metrics Support Bullish Outlook However, consolidation near these levels indicates that XRP is facing temporary resistance. Market participants are now eyeing key support zones to ensure the current bullish momentum remains intact. If the upward pressure continues, XRP’s next targets could quickly surpass historical levels, solidifying its position as one of the leading assets in the crypto space. For now, XRP remains a focal point for traders and investors as it inches closer to the $2 threshold. Featured image from Dall-E, chart from TradingView

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XRP Breaks Multi-Year Resistance Main Target Remains $2

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Dec 01, 2024 12:05

XRP Breaks Multi-Year Resistance Main Target Remains $2

XRP has broken through a key resistance level, reaching price points not seen since its multi-year highs set in 2021. The cryptocurrency has been on an aggressive upward trajectory for over three weeks, signaling strong bullish momentum in the market. Investors and analysts alike are closely monitoring XRPs price action, as it shows no signs of slowing down. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level Analyst Shares Price Target Renowned crypto analyst Ali Martinez recently shared a compelling technical analysis, suggesting that XRP is poised to reach the $2 mark in the near future. His analysis highlights XRPs robust breakout above critical resistance levels, supported by strong trading volume and positive market sentiment. Martinez believes this momentum could propel the token to achieve its next significant milestone much faster than anticipated. As the altcoin market continues to flourish, XRP stands out as one of the top-performing assets, drawing increased attention from both retail and institutional investors. The coming days will be crucial in determining whether XRP can sustain its bullish pace and surpass further resistance levels. With technical indicators aligning with optimistic projections, XRP appears ready to continue its ascent, cementing its place as a leading cryptocurrency in this market cycle. XRP Testing Past Cycles Top XRP has reached an impressive $1.93, testing critical supply levels that marked the top of its last cycle. In 2021, Ripple was entangled in legal challenges with the SEC, creating uncertainty for the cryptocurrency. However, the landscape has shifted significantly since then, with Ripple gaining favorable momentum in the lawsuit and renewed investor confidence, propelling XRP to new heights. Martinez has provided an optimistic outlook, sharing a technical analysis on X that suggests XRP will likely surpass the $2 milestone soon. Martinez identifies this level as a key target as the cryptocurrencys momentum builds. The price of XRP has surged by over 280% in less than a month, reflecting the strength of its current uptrend. Analysts are closely monitoring whether XRP can break above the psychological $2 mark, a level that would signal a continuation of its rally toward multi-year highs. Related Reading: Cardano Transactions Rise To Multi-Year Highs Metrics Support Bullish Outlook The bullish sentiment surrounding XRP is further supported by increasing trading volume and strong demand from both retail and institutional investors. As the token approaches multi-year highs, the focus shifts to whether it can sustain this rally and break through the crucial resistance zone. For now, XRP continues to show remarkable resilience and upward potential, positioning itself as a standout performer in the crypto market. Technical Details XRP is trading at $1.93, following a remarkable 16% surge yesterday and an additional 7% rise today. The cryptocurrency continues its aggressive push toward the critical $2 level, capturing the attention of analysts and investors alike. This sustained rally reflects growing confidence in XRP’s potential as it tests supply zones that once marked last cycles peak. Despite the bullish momentum, theres a strong possibility that XRP may consolidate below the $2 mark for a few days. Such a pause could set the stage for a more explosive move as the broader crypto market gears up for a potential breakout. Historically, consolidations at key resistance levels often precede significant price rallies, and the current setup aligns with this pattern. Related Reading: Ethereum Eyes $3,900 Key Resistance Break Could Spark A Surge XRPs aggressive break above the $1.62 level was a pivotal moment, reinforcing bullish sentiment across the market. Many investors now expect XRP to challenge and surpass its previous cycles all-time high (ATH), setting the stage for a new price discovery phase. With momentum on its side and increasing interest from both retail and institutional players, XRPs path forward could redefine its position in the market, marking a significant milestone in its price journey. Featured image from Dall-E, chart from TradingView

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XRP Consolidates Below Crucial Resistance Analyst Sets $1.60 Target

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Nov 28, 2024 12:05

XRP Consolidates Below Crucial Resistance Analyst Sets $1.60 Target

XRP is currently consolidating after a sharp 20% retrace from its recent local high of $1.63, set last Saturday. Despite the pullback, XRP remains a strong contender in the market as it holds firm above critical demand levels, showcasing resilience amid broader market volatility. As Bitcoin flirts with the psychological $100,000 mark, XRPs price structure continues to signal bullish potential, drawing attention from traders and investors alike. Related Reading: Cardano Reclaims $1 As Network Growth Surges Larger Breakout Ahead? Crypto analyst and investor Carl Runefelt shared a technical analysis on X, suggesting that XRP could be on the verge of a significant breakout. According to Runefelt, if XRP successfully breaks a key resistance level in its current price range, the asset could retest its local highs of $1.60 in the coming days, setting the stage for another rally. The overall market awakening has injected optimism into the crypto space, with XRP positioned to benefit from the momentum. However, maintaining strength above its current demand zone is crucial for XRP to sustain its bullish trajectory. Investors are closely watching for confirmation of a breakout, as XRP’s ability to reclaim its recent highs could signal the start of a larger upward trend in the weeks ahead. XRP Looks Ready To Continue XRP appears poised for another bullish rally, with technical indicators and market sentiment aligning to suggest a continuation of its upward momentum. As the broader crypto market shows signs of awakening, it stands out as one of the assets with the potential to set new yearly highs in the current cycle. Analysts and investors are increasingly optimistic, with many eyeing the $2 mark as the first significant milestone for XRP bulls. Crypto analyst Carl Runefelt recently shared a detailed technical analysis on X, highlighting a key development in XRPs price action. According to Runefelt, XRP is nearing the breakout point of a falling wedge pattern, a historically bullish structure. If this breakout materializes, XRP could initially target its recent local high of $1.60. Breaking above this supply zone would signal strong buying momentum, paving the way for XRP to aim for new cycle highs and potentially surpass the $2 resistance level. However, XRPs journey to new highs isnt without risks. Should the asset fail to break above the $1.60 level, further consolidation below this price could occur, delaying its bullish trajectory. Such a scenario would likely see XRP retesting key demand zones before attempting another breakout. Related Reading: Bitcoin Realized Profit Hits ATH At $443 Million Local Top Or Continuation? As the market collectively inches toward higher valuations, XRPs performance remains closely tied to its ability to breach critical resistance levels. A successful breakout above $1.60 would not only validate the current bullish setup but also reinforce confidence in XRPs potential to lead this cycles altcoin rally. Technical Analysis And Key Levels XRP is currently trading at $1.43, showcasing remarkable resilience after a 200% surge from its November 5th lows. While the price has retraced 20% from the local high of $1.63, XRP’s bullish structure remains intact as the broader crypto market gears up for another potential rally. Analysts and investors are optimistic that the price can sustain its momentum, provided key support levels hold firm. The $1.27 mark emerges as a critical demand zone for XRP, maintaining the short-term bullish structure that has driven its recent growth. If XRP successfully defends this level, the price is expected to consolidate before making another attempt to surpass the $1.60 resistance. A break above this key level could open the door for further upside, pushing XRP closer to its next major milestones in this cycle. Related Reading: Bitcoin Leverage Remains High Data Reveals Selling Pressure Above $93K However, failing to hold above $1.27 could shift market sentiment and lead to deeper corrections. This would challenge XRP’s bullish momentum and potentially test lower support levels, delaying its upward trajectory. As the market looks primed for continuation, XRP’s ability to stay above critical demand zones will determine its performance in the coming weeks. Investors are closely monitoring these levels as the asset eyes another leg higher. Featured image from Dall-E, chart from TradingView

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XRP Analyst Sets $2 Target If It Holds Key Level Can It Reach Multi-Year Highs?

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Nov 25, 2024 12:05

XRP Analyst Sets $2 Target If It Holds Key Level Can It Reach Multi-Year Highs?

XRP has emerged as a standout leader in the recent crypto rally, delivering massive gains and fueling optimism among investors. The price has skyrocketed by an astonishing 225% in under three weeks, showing no signs of slowing down as momentum builds. This surge has positioned it as a top-performing altcoin, capturing the attention of analysts and traders alike. Related Reading: Avalanche Soars 20% In 24 Hours Analyst Reveals Next Price Target CrediBull, a prominent analyst on X, has shared a detailed technical analysis highlighting XRP’s strong bullish structure. According to his insights, XRP is currently in a well-defined 5-wave impulsive move, a pattern often associated with sustained upward trends. If it continues to hold a critical support level, CrediBull predicts that the price could soar past $2 in the coming weeks, marking a significant milestone for the altcoin. As excitement grows, market participants are closely watching its performance. The ongoing rally suggests that XRP could hit new highs and pave the way for broader altcoin gains. Whether it can maintain its upward trajectory will depend on its ability to sustain key support levels and capitalize on the current bullish sentiment. For now, XRP remains a focal point in the market, with its next moves eagerly anticipated. The Bullish Rally Could Continue The recent bullish phase for XRP might be just the beginning as optimism continues to build among analysts who foresee a higher price in the months ahead. However, key price levels must be tested and maintained for XRP to sustain its momentum and advance to the next leg up. Prominent analyst CrediBull shared his insights on X, revealing that XRP is currently in a clear 5-wave impulsive move, a strong indicator of a bullish trend. According to his technical analysis, this pattern confirms that XRPs absolute bottom was established at $0.49 earlier this year. He also emphasized the importance of the $1.05 level, the origin of the fifth subwave in this impulsive structure. CrediBull explained that if XRP falls below $1.05, it could signal the start of a larger Wave 2 correction, which would likely precede the next major upward impulse (Wave 3). However, if XRP holds firmly above $1.05, it would indicate that the fifth subwave is extending, potentially pushing the price to $2 or higher before any significant pullback occurs. Related Reading: Massive Ethereum Buying Spree Taker Buy Volume hits $1.683B In One Hour This analysis reinforces the view that XRPs current rally may just be the start of a broader bullish trend. Investors are now watching closely to see if XRP can maintain key support levels and confirm its extended move upward. XRP Hits Multi-Year Highs: ATH Next? XRP is trading at $1.45, following an impressive rally that saw the price touch $1.63 yesterday, marking its highest level since May 2021. This milestone has sparked optimism among investors, positioning XRP for a potential run to new all-time highs in the coming months. The sustained upward momentum reflects growing confidence in the price’s bullish trajectory. However, the recent surge also brings the possibility of consolidation. The price might need to cool off and gather strength below the $1.63 mark before continuing its upward movement. Consolidation phases are a natural part of any significant rally and can help establish stronger support levels for future price action. Related Reading: Bitcoin LTHs Start Taking Profits Metrics Reveal Whales Are Actively Spending The key level to watch remains $1.05, identified as a critical support zone. If the price holds above this mark, it will reinforce its bullish outlook and set the stage for a potential breakout and continuation of its upward trend in the weeks ahead. Analysts believe that maintaining this level would be a strong signal of market confidence, paving the way for XRP to build on its recent gains and target new milestones. Featured image from Dall-E, chart from TradingView

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XRP Will Jump 75% If It Holds Current Demand Level Details

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Oct 10, 2024 12:05

XRP Will Jump 75% If It Holds Current Demand Level Details

XRP is testing a crucial support level to determine the altcoin’s price action in the coming weeks. The market is experiencing uncertainty and anxiety after the past week’s euphoria surrounding the Federal Reserve’s decision to cut interest rates. Related Reading: Can SUI Fall To $1.40? On-Chain Data Exposes Declining Demand Despite this positive news, recent price movements have concerned traders who anticipated a massive surge for XRP this cycle. The current situation has increased caution among investors, as many are now looking for confirmation above or below the critical liquidity level. This hesitance has left some analysts sharing predictions based on the latest price action, adding uncertainty. As XRP hovers near this pivotal point, traders are closely monitoring whether it can break through resistance or if it will fall back, which would signal a shift in momentum. The next few days are crucial, as they will likely reveal whether the altcoin can sustain its upward trajectory or if it will succumb to market pressures, impacting not just this token but potentially the broader altcoin market. Analyst Expects XRP Rally Soon XRP is currently facing serious risk as it hovers around the critical $0.50-$0.55 area. For the price to confirm a bullish continuation, it must hold above this level in the coming days. Analysts and investors are eagerly waiting for a signal that could trigger a price surge, particularly as the broader market is experiencing uncertainty following recent fluctuations. Top analyst and investor Ali has shared an optimistic view of XRP through a technical analysis posted on X. In his analysis, Ali presents a chart illustrating the governing pattern of XRP price action since June 2022, which appears to form an ascending parallel channel. This channel indicates a potential upward trajectory, and if this pattern continues, XRP could move toward the channel’s middle or upper boundaries, currently sitting at approximately $0.80 and $1.10, respectively. This move would represent a potential surge of 75% or more for XRP in the coming weeks. However, this optimistic outlook hinges on XRP’s position above the critical support level. If it fails to do so, it risks a deeper correction, which could dampen investor sentiment and halt any upward momentum. Related Reading: Dogecoin Analyst Expects A Multi-Year Bullish Breakout 200% Surge Potential As traders watch closely for further price action and potential breakouts, the next few days will determine whether XRP can reclaim its bullish trajectory or succumb to broader market pressures. The sentiment among analysts is cautiously optimistic, and the community is poised for action based on XRP’s ability to navigate this pivotal point. Technical Analysis: Key Levels To Watch XRP is trading at $0.53 after losing the daily 200 moving average (MA) at $0.54 and the 200 exponential moving average (EMA) at $0.55. This recent price action has raised concerns among traders as the price struggles to maintain upward momentum. However, the price still holds above the critical support level at $0.50, a key psychological threshold. If the price were to drop below this level, it could trigger significant selling pressure, leading to a deeper decline. On the other hand, if bulls can reclaim both the 200 MA and EMA, it would signal a potential shift in momentum. A successful breakout above $0.65 could pave the way for a substantial rally, reigniting bullish sentiment in the market. This scenario hinges on XRP’s ability to regain its footing and gather enough buying pressure to push through these critical resistance levels. Related Reading: Solana (SOL) Path To New Highs: Analyst Eyes $160 As Critical Breakpoint As traders monitor price action closely, the coming days will be crucial in determining whether the price can recover and position itself for a possible upward trajectory. Featured image from Dall-E, chart from TradingView

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XRP Network Activity Surges As Price Seeks To Break $0.55 Resistance

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Oct 22, 2024 12:05

XRP Network Activity Surges As Price Seeks To Break $0.55 Resistance

The entire crypto market is enjoying a strong surge, yet XRP has been lagging, remaining stuck below the crucial $0.55 level since the start of October. Analysts and investors are closely watching for signs of strength and confirmation that XRP is poised for significant gains in this market cycle. Key data from Santiment offers a glimmer of optimism. It shows a notable spike in active wallets on the XRP Ledger, which could signal growing interest and accumulation. Related Reading: Dogecoin Breaks Above $0.12 Level Time For DOGE To Catch Up? As the broader market continues to push higher, the coming days are pivotal for XRP. Investors hope for a breakout from the weeks of sideways consolidation that have kept its price action subdued. A decisive move above $0.55 could ignite bullish momentum and put XRP on track to catch up with the broader market rally. For now, the market eagerly awaits further developments, with many anticipating that XRPs moment may finally be approaching. XRP Ledger Activity Signals A Shift XRP remains one of the most popular altcoins in the crypto market, yet many investors are increasingly concerned as the price has struggled to reclaim local highs around $0.65. Despite the lack of upward momentum, critical data from Santiment offers a glimmer of hope. The XRP Ledger recently experienced a significant spike in activity, with 35,799 unique wallets making at least one transfer daily, marking the highest activity level in over three months. In addition, 3,858 new wallets were created in a single day, the largest increase over seven months. This surge in network activity is a promising sign for XRP, as spikes in active wallets and new addresses often precede major price movements. The growing interest in XRP could be an early indicator of an impending shift in price action, especially as the broader market trends upwards. However, the price must still exceed the local highs of around $0.65 to confirm a bullish trend. While the network data points to potential growth, the coming weeks will be crucial for XRPs price movement. Related Reading: Bitcoin Whales Grew Substantially During Last Dip, Data Shows Large-Holder Accumulation If it can reclaim key resistance levels, XRP may finally align with the overall markets bullish sentiment, providing a more optimistic outlook for its investors. Price Action: Technical Levels To Watch XRP is trading at $0.555 after three weeks of sideways movement. It remains below the 4-hour 200 exponential moving average (EMA), but it is now testing this key indicator as resistance. A successful breakout above the 200 EMA, followed by consolidation and holding it as support, would likely signal a surge to higher supply zones around $0.60 and potentially $0.65. This breakout would confirm renewed bullish momentum, encouraging investors to wait for a clear upward trend. However, if XRP fails to break above the 200 EMA and these critical resistance levels, a retrace to $0.52 or even lower could be imminent. Failing to breach this resistance would point to further consolidation or even a correction as the market seeks lower liquidity levels. Related Reading: Solana Struggles To Break $160 Resistance As Top Analyst Predicts A Coming Surge As XRP continues to test this key technical level, the next few days will be pivotal in determining whether the altcoin can finally break out of its range-bound trading and follow the broader market’s bullish sentiment. Featured image from Dall-E, chart from TradingView

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