XRP’s short-term price targets – How far can market sentiment take it?

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

XRP’s market sentiment, at press time, projected a strong bullish outlook, with crowd sentiment scoring a positive 1.77 and smart money...

, with crowd sentiment scoring a positive 1.77 and smart money sentiment at 0.76. This alignment between retail and institutional investors, together, could be a sign of growing confidence across the board.

Nevertheless, the Relative Strength Index sat near 45.81, indicating that XRP could be nearing oversold levels. Consequently, this set-up could pave the way for a breakout if buying pressure climbs in line with the prevailing positive sentiment.Additionally, the network strength appears to be gaining traction too. The active address count has risen by 0.92% in the last 24 hours, totaling 19.191k unique addresses.

Therefore, the boost in active addresses is a sign of rising demand – A development that aligns well with the broader bullish sentiment surrounding XRP.The surge in transaction count further highlighted XRP’s expanding utility.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in BUSİNESS

Business Business Latest News, Business Business Headlines