Don’t Ignore XRP’s Signals: Price, Volume, On-Chain Data All Flash Green
- XRP price shot up 8% with increased trading volume, reclaiming the 20-day EMA at $2.11.
- The active addresses on the XRP Ledger have soared 67.50%, rising from 27,352 to 40,366.
- XRP has formed a falling wedge on the daily chart and the potential bullish target stands at $3.20.
XRP turned decidedly bullish over the past 24 hours, surging nearly 8%. This strong move helped the digital asset reclaim a market capitalization above $130 billion, significantly boosted by an 89.75% explosion in trading volume signaling renewed trader interest.
Importantly, XRP’s price pushed above key near-term resistance. It successfully reclaimed its 20-day Exponential Moving Average (EMA) around $2.11, suggesting this level could flip to support. Also, the broader $2.10–$2.20 resistance zone was breached; holding above here is crucial short-term.
Rising On-Chain Activity Adds to Bullish Case
Adding weight to the bullish case, recent on-chain data shows substantial network growth. Analyst Ali Martinez highlighted a significant 67.5% spike in XRP network activity (Apr 19-20), with daily active addresses jumping sharply from ~27k to over 40k.
The post Don’t Ignore XRP’s Signals: Price, Volume, On-Chain Data All Flash Green appeared first on Coin Edition.
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Don’t Ignore XRP’s Signals: Price, Volume, On-Chain Data All Flash Green
- XRP price shot up 8% with increased trading volume, reclaiming the 20-day EMA at $2.11.
- The active addresses on the XRP Ledger have soared 67.50%, rising from 27,352 to 40,366.
- XRP has formed a falling wedge on the daily chart and the potential bullish target stands at $3.20.
XRP turned decidedly bullish over the past 24 hours, surging nearly 8%. This strong move helped the digital asset reclaim a market capitalization above $130 billion, significantly boosted by an 89.75% explosion in trading volume signaling renewed trader interest.
Importantly, XRP’s price pushed above key near-term resistance. It successfully reclaimed its 20-day Exponential Moving Average (EMA) around $2.11, suggesting this level could flip to support. Also, the broader $2.10–$2.20 resistance zone was breached; holding above here is crucial short-term.
Rising On-Chain Activity Adds to Bullish Case
Adding weight to the bullish case, recent on-chain data shows substantial network growth. Analyst Ali Martinez highlighted a significant 67.5% spike in XRP network activity (Apr 19-20), with daily active addresses jumping sharply from ~27k to over 40k.
The post Don’t Ignore XRP’s Signals: Price, Volume, On-Chain Data All Flash Green appeared first on Coin Edition.
Читать больше
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