CandleFocus XRP Price Sees Possible Uptick But Network Activity Hits Monthly Low
2025-02-10
Author: Content Editor
XRP's price has remained relatively stable over the past week, struggling to stay above $2.50. The market cap has dropped to $140 billion, but trading volume has increased by 47% in the last 24 hours to $5.6 billion. The Chaikin Money Flow (CMF) has turned positive, indicating increased buying pressure. However, network activity has declined, with active addresses reaching their lowest point in a month. XRP's EMA lines suggest a bearish setup, with the price trading in a crucial range that could determine its next direction. If the support level at $2.26 breaks, XRP could see a 26% correction towards $1.77. On the other hand, if buying pressure strengthens, the price could push towards the resistance at $2.54 and potentially even test higher levels. Increased network activity and the approval of an XRP ETF could provide further support for bullish momentum.
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