XRP Addresses Explode: Is a Price Breakout on the Horizon?

By Lola Coin Jun 27, 2023107Views

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The XRP token in the cryptocurrency market is showing signs of bullish sentiment, with an increase in the number of active XRP addresses preceding previous price jumps. Data from the Santiment platform indicates a spike in network activity for XRP addresses in recent days, suggesting that history could repeat itself. Currently, XRP is trading at $0.4794, with a slight decline in the last 24 hours and the previous seven days, but still showing a gain over the past month. Analysts have noted that XRP has a clean setup and could reach $0.68 if it breaks past the critical resistance level of $0.55. The ongoing legal battle between the SEC and Ripple could also impact the price of XRP. Bitcoin supporter Max Keiser has a pessimistic view of XRP’s future, referring to it as a “Ponzi scheme.”

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