XRP's price has been struggling to break above the 78.6% Fibonacci Retracement line, which has kept it in a bearish zone. However, recent shifts in market sentiment have provided some hope for a potential price rise. The MVRV Long/Short Difference indicator shows that long-term holders of XRP are in profit, which is a bullish sign as they tend to hold onto their tokens longer. This could provide stability for XRP's price and give it a chance to attempt another breakout. However, there are also negative signals from profit-taking investors, which may limit the cryptocurrency's upside potential. XRP is currently priced at $0.62 and is attempting to break through the $0.65 resistance level. If broader market cues remain positive, XRP could break past this level in Q4 2024.



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