Ripple XRP Price Prediction: Bearish Signals Point to Potential Decline
Ripple (XRP) Price Prediction: Decline Likely as Sell Signal Intensifies
XRP price is in an uptrend but could lose this uptrend which might result in a decline given the increasingly bearish signals.
Ripple Investors Back Off
XRP price could potentially see the bearish effects of the investors taking a step back, given participation has taken a hit. The total number of investors conducting a transaction on the network has slid from an average of 25,120 to 18,760 in the span of a month.
Active addresses highlight the demand for the asset as more transactions on the network create liquidity. Higher liquidity leads to a surge in participation, aiding price action rise.
XRP Price Prediction: Will the Uptrend End?
XRP price on the daily timeframe is observing an uptrend that was initiated a month ago. Slowly, the uptrend has brought XRP above $0.50, which is crucial psychological support. The altcoin is now close to breaching and flipping the 23.6% Fibonacci Retracement into support.
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.