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The post <a href="https://coinpedia.org/price-analysis/xrp-army-gearing-up-after-a-major-debacle-a-10-rise-is-imminent-before-the-weekend/" rel="noopener noreferrer nofollow">XRP Army Gearing Up After a Major Debacle: A 10% Rise is Imminent Before the Weekend!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The markets are gearing up as Bitcoin has again made it above $58,000 and buying volume remains elevated to some extent. While others are coping with the mounting bearish pressure <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">XRP price</a> has triggered a significant run towards the target at $0.5. While the token has faced multiple rejections before marking the range, an uninterrupted upswing may kick in anytime, which may cause a 12% rise shortly.&nbsp;
After the downfall that began at $0.72 in March, the price remained consolidated within a falling wedge. The token dropped heavily after reaching the edge of the pattern and plunged over 15%. However, the token appears to have accomplished the corrective phase after rising from the lows at $0.4 and hence a fresh ascending trend could be fast approaching.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfC0KbUZ90Vvb7IvpEYqtFTW6WrpxVbiPWJdU_2zOat6CFjfFZ_WjK4wfoFMbg8dDQRarU9w1S5GVdGdwMmOTvOO3tsaZBSArZwpbTP6TurHJjZ5QaodJavwH6avABZ3QTC1OWIl9esU2mWLRBjuAh2GZpt?key=HR1twbjNi99WA1XXyksOMA" alt="">
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As mentioned above, the XRP price has started a strong recovery and is expected to maintain a similar trend for the next few days. The OBV has displayed a bullish divergence while the MACD is about to undergo a bullish crossover. This suggests the bulls are entering the platform which may attract significant liquidity as the volume appears to have drained to a large extent. However, the trading activity has risen to some extent as the active address count has soared above 30,000 after remaining confined below 25,000 for a couple of days.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXexM6rkXCYl6Tvstp4-KBUNzWqYnpuCTsHG20my8hMtj8wmd-U5MboAJHAq8qd0PF543JTdjY9RAtNOckyIK2-nT-0bJJaUexGNqDV_4Bx3SxGX-sxZfUSOxtjUPdsKgmlkLUlaMOTN9o2-mjXihljz9z4?key=HR1twbjNi99WA1XXyksOMA" alt="">
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The platform has witnessed a huge rise in the active address count, over 40,000, a couple of times, which suggests the traders continue to remain vigilant, observing every possible move of the XRP price rally. Currently, the price is trading at $0.4465, up over 1.5% in the past 24 hours, while the entire market is fighting the bearish heat. Therefore, the XRP price is believed to maintain an ascending consolidation and reach $0.5, probably during the coming weekend.&nbsp;

XRP Army Gearing Up After a Major Debacle: A 10% Rise is Imminent Before the Weekend!

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