XRP Gains Against Bitcoin Amid Expanding Network and Bullish Signals
XRP Strengthens Against Bitcoin
XRP has shown resilience against Bitcoin, rising to $0.0000255 in BTC pairings. Since February 7, XRP has seen six out of seven days of gains, indicating a positive shift in market sentiment.
Network Growth Outpaces Bitcoin
While Bitcoin's active wallets have declined by 277,240, XRP's network has expanded, surpassing 6.1 million wallets. This growth highlights increasing retail interest in XRP.
Technical Analysis Points to Potential Breakout
XRP's price action suggests a potential symmetrical triangle breakout, targeting $15. Currently trading below its 50-day moving average, XRP's price holds above $2.26, signaling a critical range for traders.
Key Levels to Watch
A drop below $2.26 could indicate bearish control, while a break above $2.63 may signal bullish momentum, targeting $2.91. These levels are crucial for determining XRP's near-term direction.
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