XRP’s network activity is making waves as it hits a new high in active sending addresses, reaching 12,230, the highest in six months. The Q4 as predicted seems bullish and XRP is making some out-of-the-box jumps to sustain the Ripple vs SEC case damage. Here’s one analyst who believes XRP may revive from ashes.
Price Stuck in Resistance, Yet Market Sentiment Builds
According to analyst JA_Maartun, this increase suggests that momentum is returning to the XRP blockchain, as renewed interest in the token drives up daily activity. He points out that this heightened engagement not only reflects improved sentiment for XRP specifically but also indicates broader interest in returning to the crypto market.
XRP’s Current Market Scenario
Currently, XRP’s price hovers around $0.5293, showing a 0.77% decline, with resistance continuing since the start of October. The Fear & Greed Index stands at 69, placing the market in “greed” territory, which often brings greater price volatility. Over the past 30 days, XRP has seen 47% of trading days in the green, despite a price volatility of 5.84%. This figure underlines the market’s enthusiasm for XRP, though analysts still caution against immediate investments due to prevailing bearish signals and price resistance.
