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XRP LEDGER at a standard pace

Since the Professor XRP book reaches a large milestone in the network activity, XRP acquires attention again. The professor’s book recorded the highest level ever in terms of the size of daily transactions on June 19, when he processed more than 1.2 million transactions in one day. This sharp increase in the activity is a decisive signal to the series, which may be what XRP need to start a long -term price alive.

According to the price scheme, there is cautious optimism. For weeks, XRP was moving in a similar triangle, which usually indicates accumulation before collapse. XRP’s recent price movement indicates that the benefit of the buyer is present at the support levels because it bounces off the lower limits of this triangle.

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The range of $ 2.24 to $ 2.27 remains, as previous local levels and moving averages are converging, as assets face resistance. The relationship between the possibility of market recovery and an increasing volume of transactions on the series is especially noticeable. The increase in the volume of the professor’s notebook treatment usually indicates strong demand for network functions.

This increased activity can be explained as an essential sign of the return of confidence in the XRP ecosystem, whether in the form of transfers, decentralized or institutional movement services. The size of the chart and RSI readings are still modest, indicating that retail speculation has not been overwhelmed yet.

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The fact that institutional players usually prefer this setting does not necessarily mean that it is declining. Pubble price procedures are often preceded and the consistent network use important movements in encrypted currency markets. The 200 -day moving intermediate investors should be closely monitored by investors as XRP swings about both technical and basic pivot points.

A lounge above $ 2.27 may confirm the bullish continuation, but a decrease in support of less than $ 2.09 may indicate a brief reflection. In the end, the Professor XRP book may be the basic pillar of the upcoming XRP equipment if it maintains this rate of using or speeding up the network.

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