The article discusses Ripple’s （XRP） recent performance, highlighting key metrics indicating potential bullish momentum and future price predictions.
Points
- Ripple’s Network Growth and active addresses have surged.
- XRP’s price is currently at $0.55, a 4.74% decrease in 24 hours.
- Metrics suggest a potential bullish run for XRP.
- Price predictions indicate a short-term recovery to $0.57 and potential highs of $0.63.
- Ongoing SEC case may impact XRP’s price trajectory.
Ripple’s （XRP） recent market performance indicates a potential bullish run, with key metrics showing significant growth. Network Growth, which measures the number of new addresses interacting with the network, reached 1,721, reflecting increased adoption and
improved traction on the XRP Ledger （XRPL）. Additionally, the number of active addresses, tracking distinct users involved in transactions, surged to 47,300, the highest since March.
These metrics suggest that XRP is gearing up for another bullish run, similar to or even surpassing the recent price movements. Despite a 4.74% price decrease over the past 24 hours, dropping to $0.55, the underlying bullish potential remains strong.
Points
- Ripple’s Network Growth and active addresses are on the rise.
- XRP’s price currently at $0.55, down 4.74% in 24 hours.
- Key metrics indicate potential for a bullish run.
- Short-term price prediction of $0.57, with potential highs of $0.63.
- SEC case outcome could significantly impact XRP’s price.
At press time, XRP is trading at $0.55, a 4.74% decrease in the last 24 hours, which can be linked to a surge in realized profits. The Network Realized Profit/Loss metric spiked, indicating increased profit-taking activities. After this price dip, XRP holders began realizing losses, pushing the metric into a negative region.
Despite the current price dip, XRP remains above the 200-day and 50-day Exponential Moving Averages （EMAs）, indicating a continued bullish trend. The Awesome Oscillator （AO）, showing positive green histogram bars, suggests increasing bullish momentum. If this trend continues, XRP’s price may recover to $0.57 in the short term, with potential highs of $0.63 if the market condition becomes extremely bullish.
However, the outcome of the ongoing case between Ripple and the U.S. SEC remains a critical factor. A favorable resolution could further boost XRP’s price, while a negative outcome could lead to consolidation or a downward trend.
解説
- The surge in Network Growth and active addresses indicates growing interest and adoption of the XRP Ledger.
- Price predictions are based on technical indicators like EMAs and the AO, which currently show a bullish trend.
- The SEC case’s outcome is a significant variable that could either propel XRP to new highs or cause a downturn.
- Investors should keep an eye on both the technical metrics and regulatory developments to make informed decisions.