#CryptoNews
🚀 XRP is trapped in sideways movement.. but the bulls are getting closer!
Since August 18, XRP has been trading within a horizontal channel between $2.84 support and $3.08 resistance. Despite market hesitancy, data indicates renewed bullish activity:
✅ Increase in active addresses: 44,123 active addresses on XRPL on August 26, a 20% increase over three days.
✅ Increasing positive sentiment: Market sentiment index at 1.24, reflecting investor confidence.
✅ Continuous accumulation: Holders are gathering XRP, which could push the coin to break resistance soon towards $3.22.
⚠️ If the breakout fails, the price may revert to sideways trading or test support at $2.84.
Summary: Current sideways movement, but bullish signs are increasing… Will XRP achieve its next breakout? 🟢