XRP prepares for major move, here might be two positive triggers XRPArmy XRPCommunity $XRP XRPHolders
At the time of writing, XRP was up 1.78% in the last 24 hours at $0.38. The token pales in daily and weekly gains compared to the majority of the cryptocurrencies in the top 10.Bitcoin and Ethereum, for instance, are up 36.17% and 26.15% in the past seven days, while XRP is only up 5.22% weekly.The RSI, which provides short-term buy and sell signals, might suggest that the XRP price is currently at a crossroads.
On the upside, XRP confronts a key barrier at $0.399, or the daily MA 200, which has hampered its price since Feb. 20. A solid move above this key barrier might propel XRP as high as $0.433 or even $0.50. That said, a failure to breach the $0.399 mark might result in range trading for the XRP price before a significant move.Fundamental triggers, XRPL is seeing a nice increase in the number of new accounts created daily. A total of 2,078 new XRPL addresses were created on March 13, which remains the biggest increase since early January.
In November 2022, shortly after the FTX collapse, XRPL saw the largest number of new accounts created within the space of 12 months. All this might suggest that interest remains in XRP and XRP Ledger.
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