Coin

<ul>
 <li>A crypto analyst predicted in a tweet that the price of XRP is&nbsp; likely to rise soon.</li>
 <li>The analyst’s belief was based on historical data which showed that increased network activity has caused XRP to rise.</li>
 <li>At press time, the remittance token was worth about $0.4788 after it printed a 1+% 24-hour loss.</li>
</ul>
A well-known crypto trader and analyst, Ali, shared a post on <a href="https://twitter.com/ali_charts/status/1673323727868809217" target="_blank" rel="noopener noreferrer nofollow">Twitter</a> yesterday wherein he speculated whether <a href="https://coinedition.com/ripple-xrp-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">the price of Ripple (XRP)</a> could rise in the next few days. The analyst based this belief off of the fact that in the last three instances the price of XRP jumped after there was an increase in the number of active XRP addresses.
It is thus worth noting that recent data from the market intelligence firm, Santiment, indicated a spike in XRP’s network activity over the past few days. As a result of this, the analyst shared his belief that the price of XRP will likely jump if history repeats itself.
Since the post was made, <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP</a> has been unable to pull its price back into the green zone as it was one of the many cryptocurrencies that saw their prices drop over the past 24 hours of trading. At press time, CoinMarketCap indicated that the remittance token …
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/increased-network-activity-could-lead-to-an-xrp-rally-analyst/">Increased Network Activity Could Lead To An XRP Rally: Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Increased Network Activity Could Lead To An XRP Rally: Analyst

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