XRP recently attempted a recovery, showing a positive price movement. The push is fueled by a change of feeling of investors, many holders now adopting a more optimistic position towards Altcoin.
This modification is likely to increase the price, possibly targeting the bar of $ 3.00.
XRP holders seem optimistic
The addresses active on the XRP network remained particularly high throughout March, signaling an increase in the commitment of investors on average to 363,000. This coherent activity is a clear indication that the feeling of investors has moved positively compared to January and February.
The growth of active addresses reflects stronger support for Altcoin, as more and more participants continue to engage with the network. As XRP demand increases, this increased commitment could push the price to higher levels.
The Chaikin Money Flow (CMF) indicator shows a clear change in investor behavior. While March started with significant outings, the trend was reversed while investors have paid money in XRP. This positive change occurs after a month of outings in February, reflecting a change towards accumulation.
While market conditions fluctuate, XRP investors have shown resilience, continuing to join the assets despite external volatility. The increase in capital entries suggests that the market is stabilizing, XRP obtaining the support of those who are confident in its future. This change of momentum offers an XRP room to develop and continue its ascending trajectory.
XRP price resistance faces
XRP Price is negotiated at $ 2.48 today, marking a 22% increase in the last ten days. Altcoin is now testing resistance at $ 2.56, a level which he had difficulty exceeding in the past. Given the positive feeling of the market and the increased participation of investors, XRP could unravel this barrier.
If XRP manages to return the resistance of $ 2.56 in the support, the next target will be $ 3.00. Overcoming the resistance of $ 2.95 would open the way for new gains, the price was potentially rising to the $ 3.00 mark. The current optimistic momentum supports these prospects because investors seem ready to push the higher price.
However, if XRP fails to rape the resistance of $ 2.56, it could face a decline at $ 2.27. Losing support at $ 2.27 would invalidate upward prospects, sending the price to $ 2.14.
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