The price of XRP has gained land against Bitcoin in recent days, indicating a possible transformation in the market dynamics. At the time of writing this report, XRP was in Bitcoin’s pair to $ 0.0000255.
Since a recovery from a decrease of $ 0.00002345 in Bitcoin pairing on February 7, XRP has steadily acquired the Earth against Bitcoin. Since this date, XRP spent six out of seven days in Green in Bitcoin and is preparing to publish four consecutive days since February 9.
Although the broader encryption market faces dull price movement, the XRP network continues to expand, which indicates an independent momentum.
According to data on the series from SantimXRP and Ethereum have seen continuous growth in active portfolios, while Bitcoin was retreating.
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Over the past three weeks, Bitcoin has lost about 27,7240 non -empty governors, indicating a decrease in retail activity. This contrasts starkly with the growth of XRP, which is witnessing an increase in the number of wallets. The number of XRPL wallets has already exceeded 6.1 million, indicating growth.
According to data from XRPL Services, the famous LEDGER Explorer XRP, the number of account on LEDGER XRP is currently 6,148,640. These accounts contain 62,548,555,242 XRP. Accounts with zero balance No. 3,503.
XRP to $ 15?
Ali, an encryption analyst, has hinted that there is a huge increase in XRP if the style of the triangle triangle is completely verified on its plans.
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“If this is a similar triangle, XRP erupted and targeting $ 15,” Ali wrote in a recent tweet. At the time of the press, XRP rose 0.81 % to $ 2.44 amid the last calm on the market.
Since February 4, XRP has been trading less than the daily moving average of $ 50 at $ 2.63; However, the bulls managed to keep the price over $ 2.26.
This led to a narrow range between $ 2.26 and $ 2.54, which reflects the frequency between bulls and bears. If the price decreases to less than $ 2.26, this indicates that the bears have taken control. XRP may decrease to the main support level of $ 1.90.
Instead, a break and closure over the daily SMA 50 indicates that the bulls absorb the width. This wipes the way for a potential upward move to $ 2.91, where the bears are expected to enter.
