CandleFocus

XRP Avoids Drop Below $2 as Bulls Regain Control

Ripple's XRP price briefly dipped below $2, causing concern that its uptrend was ending, but it quickly rebounded with an 8% increase in the past 24 hours. Under-the-radar indicators suggest that XRP's rally may still have room to grow. The Mean Dollar Invested Age (MDIA) metric shows that dormant XRP tokens have returned to circulation, signaling increased trading activity and liquidity. The Taker Buy Ratio, which measures bullish sentiment, has climbed to 0.55, indicating strong market optimism. Despite a potential correction, XRP could reach $2.90 or even $3.50 if buying pressure intensifies.

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