Gemini

Hope

<ul class="news-points"> 
 <li>XRP shows signs of a rebound, backed by on-chain metrics and analyst optimism.</li> 
 <li>XRP’s ‘W’ pattern suggests potential upward movement, reminiscent of the 2017 rally.</li> 
 <li>Gemini’s XRP perpetual contracts signify renewed confidence in XRP’s market potential.</li> 
</ul> 
In a challenging month for XRP that saw it dropping to around the $0.5 mark, the cryptocurrency now shows signs of a potential rebound. Ali Martinez, a crypto analyst, has highlighted factors suggesting a short-term recovery for XRP. 
<h2 class="wp-block-heading" id="h-analyst-insights-offer-hope">Analyst Insights Offer Hope</h2> 
Drawing on the TD Sequential indicator, Martinez’s analysis points towards a positive shift in XRP’s trajectory. This optimism is further bolstered by on-chain metrics that reveal positive trends. Large wallet addresses holding between 10 million and 100 million XRP are buying the altcoin, indicating growing confidence among investors. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/fAHrfbfd-Usy7IgQeiwMTnObUHxm-mlzRC8z9plGVw9rvG8qLzNk_O4pDmFafEfwZIgyqrZ1hto0NUPi8Z_nmDyzXCx3KTBc5Urmu__G3p_f47to-XPz3VWdd_VdefSgjr4F1vHAomPS7AzY" alt="">
 <figcaption class="wp-element-caption">
 XRP/USD 3-day price chart (source: <a href="https://x.com/ali_charts/status/1749465948233588815?s=20" target="_blank" rel="nofollow">Ali-charts</a>)
 </figcaption>
</figure> 
XRP’s development activity and whale transaction patterns, in addition, are an essential aspect of the potential rebound. A decrease in profit-taking by whales and a resurgence in development activity suggest a building momentum for recovery. This shift in on-chain dyna…
The post <a href="https://coinedition.com/xrp-poised-for-rebound-despite-recent-slump/">XRP Shows Signs of Rebound as Gemini Announces Perpetual Contracts</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

XRP Shows Signs of Rebound as Gemini Announces Perpetual Contracts

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