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With the number of active accounts that approach 50,000 and the size of the payment Override One billion XRP, XRP has seen a noticeable increase in network activity. Although the scales on the chain show a higher volume of transactions, XrpPricing price procedure is still inconsistent, which causes investors wondering whether this increase in the activity will lead to increased price growth or if it is just a passing innovation.
XRP has regained its last drop less than $ 3.00 and is currently trading at about $ 3.18. Assets recently appeared in a descending wedge style, which gave traders hope at first. Immediate support is between $ 2.85 and $ 2.50, while the following important resistance is about $ 3.50. There may be another gathering about $ 350 and higher if XRP can keep its momentum above these levels.
It is still possible to correct more important to $ 2.50, if the original finds it difficult to maintain higher than $ 3.00. The size of payments on Xrp The network increased significantly; On January 27, more than a billion XRP was moved between accounts. This increase indicates a high demand for transactions, which may be fed by institutional participation or wider accreditation. There is an additional support for the idea of increasing the benefit of the network is the fact that the number of active accounts has increased steadily to nearly 50,000.
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Although it is not always upward, the increase in activity on the chain precedes large price movements. If the sale pressure is the main cause of these transactions, Xrp You may find it difficult to maintain the current price levels. However, if this activity is caused by actual adoption and high use, it may serve as an essential incentive to increase additional prices. Values of $ 3.50 and $ 3.80 are resistance points. Levels of $ 3.00, $ 2.85 and $ 2.50 are support.
For investors, the monitoring of the size of transactions will be necessary to determine the future path of XRP. If there are no noticeable sales and follow -up activity, XRP may be ready for the other penetration. If not, traders should be ready for a short -term re -test for low support levels.
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