CandleFocus XRP community bets on price surge with bullish sentiment at 86%
2024-09-30
Author: Content Editor
The article highlights the bullish sentiment surrounding XRP as the crypto market enters October, which has historically been a strong performing month. Data shows that 86% of the XRP community is bullish, indicating that investors believe the token will continue to grow. XRP has recently surpassed significant price milestones, breaking through the $0.60 resistance and briefly trading above $0.66. Currently, it is hovering around $0.6478, with a 3.07% increase in the last 24 hours. Whales have been accumulating XRP, purchasing over 470 million tokens in the past 10 days, suggesting that major players see further upside potential. Additionally, Ripple is set to release 1 billion XRP from its escrow program on October 1, contributing to their sales strategy. Despite concerns about market pressure from the influx of new tokens, the overwhelmingly bullish sentiment indicates that the community believes this will not dampen XRP's momentum. Overall, investors expect XRP to continue gaining in value, with potential for higher price targets if it can establish $0.65 as a support level.
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