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XRP Network Activity Spikes 67% While Price Forms Bullish Reversal Pattern


by Anisha Pandey
for CoinEdition
XRP Outperforms Gold USD Long Term Network Use Jumps
  • XRP has delivered a staggering 984% gain since 2020, vastly outperforming gold and USD.
  • The XRP Network activity has surged 67.5%, with a sharp rise in active addresses recently.
  • A bullish inverse head and shoulders pattern suggests a potential breakout to $2.70.

Looking beyond daily charts, XRP has stood out as a quiet yet powerful long-term performer since 2020. Data shows XRP surging 984% over that period, dramatically outpacing traditional safe havens like gold (which gained 78%) and underscoring the devaluation of the US dollar, which lost 25% of its purchasing power in the same timeframe. 

Simply put, $100,000 in 2020 buys only $75,000 worth of goods today, while that same amount invested in XRP would have grown nearly tenfold.

Related: What’s Next for XRP Price April 23? Analysis Eyes Key Support Test

This context matters as XRP’s network shows fresh life. Analyst Ali Martinez highlighted a sharp 67.5% spike in daily activ…

The post XRP Network Activity Spikes 67% While Price Forms Bullish Reversal Pattern appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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How Does a $3.3 Trillion US Spending Bill and Fed Liquidity Trigger an Altseason?

How Does a $3.3 Trillion US Spending Bill and Fed Liquidity Trigger an Altseason?

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XRP Network Activity Spikes 67% While Price Forms Bullish Reversal Pattern


by Anisha Pandey
for CoinEdition
XRP Outperforms Gold USD Long Term Network Use Jumps
  • XRP has delivered a staggering 984% gain since 2020, vastly outperforming gold and USD.
  • The XRP Network activity has surged 67.5%, with a sharp rise in active addresses recently.
  • A bullish inverse head and shoulders pattern suggests a potential breakout to $2.70.

Looking beyond daily charts, XRP has stood out as a quiet yet powerful long-term performer since 2020. Data shows XRP surging 984% over that period, dramatically outpacing traditional safe havens like gold (which gained 78%) and underscoring the devaluation of the US dollar, which lost 25% of its purchasing power in the same timeframe. 

Simply put, $100,000 in 2020 buys only $75,000 worth of goods today, while that same amount invested in XRP would have grown nearly tenfold.

Related: What’s Next for XRP Price April 23? Analysis Eyes Key Support Test

This context matters as XRP’s network shows fresh life. Analyst Ali Martinez highlighted a sharp 67.5% spike in daily activ…

The post XRP Network Activity Spikes 67% While Price Forms Bullish Reversal Pattern appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Sui Is Building a Skyscraper on a Shaky Price Foundation

Sui Is Building a Skyscraper on a Shaky Price Foundation

The Sui blockchain is presenting a stark paradox to the crypto market: while its deve...
How Does a $3.3 Trillion US Spending Bill and Fed Liquidity Trigger an Altseason?

How Does a $3.3 Trillion US Spending Bill and Fed Liquidity Trigger an Altseason?

Several key macroeconomic and technical indicators are aligning to create what analys...