XRP under the microscope: Network activity jumps 67% — Are we on the verge of a significant bullish reversal?#BinanceAlphaAlert
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The XRP community $XRP is in a state of high anticipation, following the network recording a massive increase in activity of +67%, while the price shows strong signals for a potential bullish reversal.
Current price: $2.20931 (+6.39%)
1. Amazing increase in network activity
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Since the beginning of 2024, the number of active addresses has risen from 47,000 to over 75,000 daily, reflecting increasing interest.
2. Network data and volume: Promising indicators
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Highest price in 24 hours: $2.25
Lowest price in 24 hours: $2.06361
Daily trading volume: 25.06M
Market capitalization: $129.58B
Liquidity over 24 hours: $848.67M
The chart shows a clear upward trend and a breakout of previous resistance at $2.20721.
3. XRP at a turning point: Will it break resistance?
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As the price approaches $2.25, a breakout above this level could push it to new higher levels. The technical pattern shows a descending triangle that may break soon.
4. Technical analysis sends bullish signals
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Strong momentum in price
Stable support around $2.06
Repeated testing of resistance levels
Increase in trading volume reinforces the bullish trend
5. What should investors watch for?
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Large whale movements 🐋
Potential breakout above $2.25
Continued increase in network activity
Liquidity index and price growth
Quick summary:
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Network activity at its highest levels
The price is trading at $2.21, up +6.39%
Technical indicators support bullishness
Whales and institutions are watching and moving
Summary: Is XRP on the verge of a breakout?
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All technical and network factors indicate that XRP may be on the verge of entering a strong bullish phase.
Is the opportunity now? The decision is yours, but XRP deserves daily monitoring.#MarketRebound
