This Is How Ripple (XRP) Price Recovery Will Take Place
Ripple
(XRP)
price
momentum
has
turned
bearish,
and
its
potential
for
recovery
has
also
cooled
down.
One
of
the
biggest
reasons
is
the
lack
of
activity
among
XRP
holders,
rendering
their
optimism
useless.
Ripple
Investors
Try
but
Not
Too
Hard
XRP
price
is
bound
to
be
impacted
by
both
the
attempt
and
lack
of
participation
noted
among
the
investors.
The
presence
of
XRP
holders
remains
weak,
affecting
the
potential
for
recovery.
The
low
level
of
engagement
is
evident,
with
active
addresses
averaging
under
20,000
on
a
daily
basis.
This
lack
of
activity
suggests
a
decrease
in
short-term
trading
and
concern
about
bearing
losses.
Read
More: How
To
Buy
XRP
and
Everything
You
Need
To
Know
Active
Addresses.
Source: Santiment
However,
despite
the
weak
participation,
conviction
among
XRP
holders
remains
strong.
This
is
reflected
in
the
Mean
Coin
Age
(MCA),
which
has
noted
an
uptick.
The
increasing
MCA
indicates
that
investors
are
holding
onto
their
XRP
for
longer
periods,
showing
faith
in
the
asset’s
future
potential.
The
rise
in
MCA
also
suggests
that
investors
are
refraining
from
moving
their
holdings
around.
By
holding
their
assets
rather
than
engaging
in
frequent
transactions,
they
demonstrate
a
long-term
belief
in
XRP.
This
behavior
is
often
indicative
of
confidence
in
the
cryptocurrency’s
eventual
recovery.
Mean
Coin
Age.
Source: Santiment
While
the
current
low
level
of
daily
active
addresses
is
a
concern,
the
strong
conviction
shown
by
the
uptick
in
MCA
provides
a
silver
lining.
If
this
trend
continues,
it
could
help
stabilize
XRP’s
price
and
support
a
potential
recovery,
as
long-term
holders
typically
contribute
to
market
stability.
XRP
Price
Prediction:
Tall
Hike
Ahead
The
XRP
price
is
trading
at
$0.43,
recovering
from
the
lows
of
$0.41
over
the
last
24
hours.
Based
on
the
aforementioned
cues,
consolidation
is
likely
under
$0.46.
A
breach,
however,
could
help
recover
the
recent
losses.
Read
More: Ripple
(XRP)
Price
Prediction
2024/2025/2030
Price
Analysis.
Source: TradingView
But
if
the
bearish
cues
continue
to
dominate
the
altcoin,
the
XRP
price
could
lose
the
critical
support
of
$0.41
again.
This
would
invalidate
the
bullish-neutral
thesis,
resulting
in
further
drawdown.
Disclaimer
In
line
with
the
Trust
Project
guidelines,
this
price
analysis
article
is
for
informational
purposes
only
and
should
not
be
considered
financial
or
investment
advice.
BeInCrypto
is
committed
to
accurate,
unbiased
reporting,
but
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conditions
are
subject
to
change
without
notice.
Always
conduct
your
own
research
and
consult
with
a
professional
before
making
any
financial
decisions.
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