XRP Gains Momentum as Investors Show Increased Interest – BitRss

XRP ($2.49) continues to attract investor interest despite fluctuations in the cryptocurrency market. Technical indicators, the accumulation by large investors, and the rise in the number of active addresses support XRP’s upward potential. It is suggested that if XRP surpasses certain resistance levels, it could reach higher price points. Additionally, the growing interest from institutional investors and XRP’s use in new financial products further elevates expectations.

Technical Indicators and Investor Movements

The increase in the daily active addresses for XRP indicates a growing interest among investors. Similar past occurrences have often pointed to the onset of bullish trends. The accumulation by large investors has also reached notable levels.

Notably, XRP’s MVRV ratio approaching zero signifies a decline in selling pressure. This suggests that investors prefer to hold onto their assets rather than sell, indicating potential upward price movement. Technical analyses show that XRP has found strong support at the $2.30 level. Maintaining this level could trigger a new wave of price increase.

Resistance Le…