Million

Resistance

Billion

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>On-chain transaction metrics reveal a positive trend, as more holders are in profit, and the active address count shows growing usage and demand for XRP.</a></li>
 <li><span>2</span> <a>It is holding above a key support level at $0.5600, with technical indicators like the 20 and 50-day EMAs, MACD, and RSI suggesting room for growth.&nbsp;</a></li>
</ul>
<p>XRP price prediction highlights a tough battle between bulls and bears and shows a narrow trading range on the crypto between $0.5000 to $0.7500. The recent price structure suggests that the XRP price is trying to sustain at a support level, to retest the supply level.</p>
<p>Moreover, the trading volume on all tradeable platforms for the XRP crypto is 1.06 Billion with a market capitalization of $33.12 Billion. Meanwhile, its Volume to market cap ratio is 0.0315, and its overall circulating supply is 55.05 Billion.</p>
<h2 class="wp-block-heading" id="strong-significant-surge-in-active-wallet-address-strong"><strong>Significant Surge In Active Wallet Address</strong></h2>
<p>Active addresses refer to the unique addresses of XRP crypto users that participate in one or more transactions within a given timeframe. The number of distinct addresses in the XRP that participated in a transfer for the given asset in the past 7-day window is 149K transactions, and the 30-day window is 381K transactions.&nbsp;</p>
<p>This illustrates that more people are using and trading the XRP crypto, which implies a higher demand and value for the token as the active addresses of XRP are increasing over time. These terms highlight the short-term and long-term trends of XRP crypto activity and its adoption.</p> <iframe loading="lazy" title="Santiment Chart: Price (XRP), Active Addresses 30d (XRP), Active Addresses 7d (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-12-21T00%3A00%3A00.000Z&amp;dt=2024-04-06T18%3A29%3A59.220Z&amp;sat=shchcfg_eQjkTD5ektmz&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bactive_addresses_30d%3Bactive_addresses_7d&amp;wax=0%3B1%3B2&amp;wc=%2326C953%3B%23FF5B5B%3B%23FFCB47&amp;ws=%3B%3B" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-on-chain-the-transaction-volume-ratio-of-xrp-in-daily-profit-to-loss-strong"><strong>On Chain- The Transaction Volume Ratio Of XRP In Daily Profit To Loss</strong></h2>
<p>The daily on-chain transaction volume in profit, in loss, and the ratio of profit to loss are metrics that are used to measure the amount and proportion of XRP crypto that have been moved on the blockchain. These metrics determine whether the XRP crypto is either in profit or in loss, based on their acquisition cost.</p>
<p>Daily On-chain transaction volume in profit (XRP) is – 418.07 Million</p>
<p>Daily On-chain transaction volume in loss (XRP) is – 349.77 Million</p>
<p>The ratio of daily on-chain transaction volume in profit to loss in XRP crypto is 1.195&gt;1.</p>
<p>The following metrics of XRP crypto can help to identify important characteristics of the crypto:</p>
<p>Since the volume in profit is high and the ratio is above 1, it means that in XRP crypto most holders are more and more getting in a positive position. Similarly, it highlights that related to its supply dynamics and price pressure on XRP, a higher amount of XRP crypto assets that are locked is increasing, which is generating upward pressure on the price.</p>
<p>Likewise, it also exhibits the trend and momentum of XRP, that the volume in profit is increasing and the ratio has started to increase. XRP is gaining momentum and could soon enter an uptrend, as more holders become profitable.</p> <iframe loading="lazy" title="Santiment Chart: The Ratio of Daily On-Chain Transaction Volume in Profit to Loss (XRP), Daily On-Chain Transaction Volume in Loss (XRP), Daily On-Chain Transaction Volume in Profit (XRP)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2023-12-21T00%3A00%3A00.000Z&amp;dt=2024-04-06T18%3A29%3A59.220Z&amp;sat=shchcfg_eQjkTD5ektmz&amp;emcg=1&amp;emhwm=1&amp;wm=transaction_volume_profit_loss_ratio%3Btransaction_volume_in_loss%3Btransaction_volume_in_profit&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF&amp;ws=%7B%22node%22%3A%22line%22%7D%3B%7B%22node%22%3A%22line%22%7D%3B%7B%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-xrp-price-prediction-on-daily-time-frame-strong"><strong>XRP Price Prediction On Daily Time Frame</strong></h2>
<p>The XRP price chart is showing bullish behavior and that it has the opportunity to rise. Despite negative performance on weekly and monthly terms by -4.39%, and -3.17% respectively, the price is trying to hold on over the support level at $0.5600.</p>
<p>The support taken by the XRP crypto has indicated a sign of a possible turnaround on the daily chart as well. This shows the possibility for the price to rise and the current support of $0.5600 could become a key level on the chart.</p>
<p>Therefore, according to XRP price prediction, the asset is showing bullish strength and rising potential as it has recently been trying to surge past above the major 20, and 50-day EMAs. Furthermore, the XRP crypto asset shows bullishness as the MACD line started to converge and approached the signal line to cut from below, which could lead to the formation of the bullish cross in the coming sessions.&nbsp;</p>
<p>Likewise, the RSI shows no signs of overbought conditions yet and has started to take support from 14-SMA, suggesting that the XRP asset has more room to grow.</p>
<p>At the time of writing, the XRP crypto is experiencing a surge of 2.32% in the last 24 hours and is currently trading at $0.6087.</p>
<p>Hence, if the demand for the XRP rises, the asset <a href="https://www.thecoinrepublic.com/2024/04/07/ada-price-prediction-can-ada-pick-momentum-above-0-6000-mark/" target="_blank" rel="noopener noreferrer nofollow">price </a>could bounce back strongly from the current level. The next target for the price could be to reach $0.6500, and $0.7000.</p>
<p>However, if the XRP crypto price fails to stay above the $0.5600 level, it could decline further.</p> 
<p><a href="https://in.tradingview.com/chart/XRPUSD/x5voVlqa-the-asset-is-showing-bullish-strength/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>According to the XRP price prediction, the current market analysis for XRP suggests a delicate balance between buying and selling pressures, with a trading range between $0.5000 and $0.7500. XRP is attempting to maintain support to challenge higher resistance levels.&nbsp;</p>
<p>The active address count indicates growing usage and demand for XRP. On-chain transaction metrics reveal a positive trend, as more holders are in profit, potentially exerting upward pressure on XRP’s price.</p>
<p>XRP’s price action is bullish, with potential for further increase despite a recent dip in weekly and monthly performance. It’s holding above a key support level at $0.5600, with technical indicators like the 20 and 50-day EMAs, MACD, and RSI suggesting room for growth.&nbsp;</p>
<p>Currently, XRP is trading at $0.6087, up 2.32% in the last 24 hours. If demand continues to rise, the price could target $0.6500 and $0.7000. However, a failure to maintain the $0.5600 support could lead to further decline.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $0.5600</p>
<p><strong>Resistance Levels</strong>: $0.6500</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

XRP Price Prediction Highlights, Growth Tendencies In The Crypto

Table of Contents

Thecoinrepublic.com

Other articles published on Apr 8, 2024

What Are The Projects That Will Distribute Airdrops And Launch Altcoins In The Coming Days? Here ...

Top Analyst Predicts Major Gains: These Cryptos are Must-Buys in Q2

Ripple Partner Tranglo’s Game Changing Cross-Border Payment Solution Goes Live

Ahead of 2024 halving, Bitcoin defies historical trends yet again – How?

Machine learning algorithm sets Solana price for April 30, 2024

ZEUS token rises by 37%, surpasses $180m market cap

Join our free newsletter for daily crypto updates!