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

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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.

 

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