Analysis of Ripple (XRP) Price in Risk of 18% Correction
Friday, 26 April 2024, 04:30
Ripple Investors Take a Step Back
Ripple's (XRP) price is facing challenges as it hovers near critical support levels, triggering concerns among investors. The negative price daily active addresses (DAA) divergence signals selling pressure and a lack of recovery momentum. This behavior reflects pessimism among token holders and potential investors.
Ripple Price DAA Divergence
- The sentiment of saving oneself extends to potential investors, with network growth at a four-year low.
Ripple Network Growth
- XRP price's resilience hinges on holding above key support levels, with a potential 18% decline looming.
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.