XRP Community Urges on Price Surge with Strong Bullish Sentiment in Cryptocurrency Market
Strong Bullish Sentiment Among XRP Community
As we approach October, often referred to as ‘Uptober’ in the crypto space, all eyes are on XRP. The token has captured significant attention, with latest sentiment data showing 86% of the community is bullish based on 22,713 votes sourced from CoinMarketCap. This suggests investor confidence in XRP's growth potential.
Key Price Milestones Broken
XRP has broken through key resistance levels, trading above $0.60 and briefly above $0.66. Currently, at $0.6478, following a 3.07% increase in the last 24 hours, XRP is aiming to stabilize above $0.65, which could lay the groundwork for further gains.
Ripple Escrow Release Scheduled
September 30 marks Ripple's scheduled release of 1 billion XRP, valued at $640 million. Despite potential downward pressure, the bullish mood implies confidence that this won't hinder XRP’s momentum. As we head into ‘Uptober’, the community's sentiment hints at significant price actions ahead for XRP.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.