XRP Rises Above $1: What Factors Are Responsible for This Rise
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- XRP’s RSI has remained in the overbought territory for the last week.
-
The price has consistently stayed above $1.
Ripple’s native asset, XRP, is surging to impressive levels with its price performance showing significant bullish momentum.
The recent accumulation by whales, paired with strong technical indicators on the daily chart, suggests a sustained upward movement ahead.
XRP is soaring higher with robust trading activity
and momentum
The latest data from Santiment revealed a noteworthy uptick in whale accumulation surrounding the XRP ecosystem.
Larger wallets holding between 1,000,000 and 10,000,000 XRP have been progressively increasing their holdings while smaller investors possessing between 10,000 and 100,000 are also participating in this trend.This unified accumulation trend highlights growing market confidence in the coin’s long-term viability.
Source: Santiment.
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which marks a notable increase over recent sessions.
Increase on-chain activities indicate robust institutional interest.
This pattern often precedes major price rallies and further strengthens XRP’s positive outlook.
A multitude of bullish signals
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At this moment ,
the RSI measured at an impressive height of Listwas86585%—staying firmly rooted within overbought territory.
This indicates vigorous buying activity; however,
it comes with caution since periods in an overbought state may sometimes foreshadow brief declines.
Nevertheless , overall sentiment remains bullish .
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