CandleFocus XRP Price Targets 20% Recovery — Key Holders Are the Catalyst
2024-10-05
Author: Content Editor
XRP's price has recently dropped by 18%, but the altcoin is now looking to recover with the help of long-term investors. The Market Value to Realized Value (MVRV) Long/Short Difference indicator shows that long-term holders are in profit, indicating stability and potential for recovery. Technical indicators such as the Relative Strength Index (RSI) also suggest a weakening of bearish momentum and the possibility of bullish momentum building. XRP is currently trading at $0.53 and could continue to increase if it breaks past the $0.55 mark. Failure to do so could result in a period of consolidation.
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