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Ali, a popular crypto analyst, predicted the next direction of XRP on Twitter. According to him, a rise in the value of Ripple is probable in the days to come. This prediction was attributed to the increase in activities on Ripple’s network.
The increasing number of active XRP addresses also contributed to Ali’s reason for the prediction. While XRP is yet to make a significant expansion to the upside, investors remain optimistic as more bullish sentiments keep entering the market.
Key XRP Levels To Watch – June 27
At the beginning of the bullish trend, a rising trendline arose. XRPUSD is about to make its fourth bounce at the rising trendline. Following the series of breaks in structures, the market’s environment has become extremely bullish.
The last three instances $XRP price jumped were preceded by a spike in the number of active #XRP addresses.
— Ali (@ali_charts) June 26, 2023
On-chain data from @santimentfeed has recorded a spike in network activity over the past few days. Could history repeat itself? pic.twitter.com/XoJAFsDuvo
The market is heading into an oversold state, according to the Stochastic Oscillator. The buying momentum from the oversold state and the rising trendline is likely to cause the resumption of the bullish trend.
Ripple Key Levels
Resistance Levels: $0.590, $0.750, $0.970
Support Levels: $0.490, $0.420, $0.340
Total Market Capitalization: $1.19T
XRP Market Capitalization: $25.09B
XRP Volume: $0.89B
Market Rank: #6
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